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

FCA 2013/xx
amount required to ensure that the firm complies with GENPRU 2.1
(Calculation of capital resources requirements), BIPRU 10 (Large
exposures) and any other requirements relating to capital resources
or concentration risk imposed on a firm by or under the regulatory
system.
…
3.2.30 G For the purpose of BIPRU 3.2.25R(1)(e) (Prompt transfer of capital
resources):
(1) in the case of an undertaking that is a firm the requirement in BIPRU
3.2.25R(1)(e) for the prompt transfer of capital resources refers to
capital resources in excess of the capital and financial resources
requirements to which it is subject under the regulatory system; and .
(2) the following guidance relating to the condition in BIPRU
10.8A.2R(6) requiring the prompt transfer of capital resources
within a core UK group as applicable for the exemption from large
exposure limits is also relevant:
(a)
(b)
BIPRU 10.8A.6G in respect of the criteria that the appropriate
regulator will consider when assessing whether the condition
requiring the prompt transfer of capital resources is going to
be met; and
BIPRU 10.8A.7G(2) in respect of the counterparty's obligation
to increase the firm's capital resources and the limitations that
may be permitted. [deleted]
…
4 The IRB approach
4.1 The IRB approach: Application, purpose and overview
Application
4.1.1 R BIPRU 4 applies to a BIPRU firm with an IRB permission.
Purpose
4.1.2 G Pursuant to the third paragraph of article 95(2) of the EU CRR, BIPRU 4
implements the following provisions of the Banking Consolidation
Directive:
…
4.1.3 G Pursuant to the third paragraph of article 95(2) of the EU CRR, BIPRU 4
also implements Annex VIII of the Banking Consolidation Directive so far
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