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

FCA 2013/xx
…
Investments in subsidiary undertakings
and participations excluding:
(1) any amount which is already deducted
as material holdings or qualifying
holdings; and
(2) any investment in an undertaking that
meets the following conditions:
(a) the investment has been made by a
Venture Capital Investor and the firm is
entitled to ignore (i) the Venture Capital
Investor making that investment in
accordance with GENPRU 2.2.209R(2) or
(ii) the Venture Capital Holding Company
(or a proportion of it) which holds the
Venture Capital Investor in accordance
with GENPRU 2.2.209R(3) for the purpose
of determining whether there is a material
holding;
(b) the investment is a venture capital
investment; and
(c) the undertaking is not (i) a credit
institution or (ii) financial institution the
principal activity of which is to perform
any activity other than the acquisition of
holdings in other undertakings.
…
GENPRU
2.2.216AG
(Part 2 of stage
M)
8.7 Consolidated capital resources requirements
…
8.7.3 G The first step is for a firm to identify what sort of group it belongs to as the
calculation of the consolidated capital resources requirement differs between
different types of groups. This is set out in BIPRU 8 Annex 5R (Decision tree
for identifying the consolidated capital resources requirement of a UK
consolidation group or a non-EEA sub-group). BIPRU 8 Annex 5R shows,
for each type of group:
(1) which of the consolidated requirement components apply and which
do not; and
(2) how to add up the different consolidated requirement components to
reach the overall consolidated capital resources requirement.
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