CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

FCA 2013/xx
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(2) except where it is a building society, must apply the limit in
GENPRU 2.2.30AR(3) to the aggregate of the capital instruments
treated under (1) and the hybrid capital that is eligible under
GENPRU 2.2 for inclusion at stage C of the calculation in the capital
resources table;
(3) in the case of a building society, must not include hybrid capital at
stage C of the calculation in the capital resources table under
GENPRU 2.2, except as provided by (4), if the amount of PIBS with
incentives to redeem treated under GENPRU TP 8A.2R exceeds the
limit in GENPRU 2.2.30AR(3); [deleted]
(4) in the case of a building society, may include hybrid capital at stage
C of the calculation in the capital resources table, notwithstanding
(3), if the firm issued it after 30 December 2010 and:
(a)
(b)
the capital instrument would otherwise be eligible for
inclusion as hybrid capital at stage C of the calculation in the
capital resources table under GENPRU 2.2; and
the firm issued it in order to replace a PIBS with an incentive
to redeem that the firm treated as hybrid capital under
GENPRU TP 8A.2R; [deleted]
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8A.6 R In relation to the tier one capital resources of a BIPRU firm, calculated at
stage F of the calculation in the capital resources table (Total tier one
capital after deductions):
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(b)
in the case of a building society, any PIBS with an incentive
to redeem treated under GENPRU TP 8A.2R is to be treated
as hybrid capital included at stage C of the calculation in the
capital resources table and as subject to the limit in
GENPRU 2.2.30AR(3); and [deleted]
…
TP 8B
Miscellaneous capital resources definitions for BIPRU firms: Core tier one
capital
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Core tier one capital
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