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

This document has no legal effect and it has been prepared with tracked changes to show
the proposed amendments to the existing guidance that are being consulted on in this CP.
The limit confining relevant total assets to those that cover the activities of
the branch operation in the UK is taken from SUP 16.12.3R(1)(a)(iv), which
relates to a reporting requirement in relation to non-EEA banks (among
others). We consider that a firm which needs to ascertain its relevant total
assets should apply the general policy on valuation set out in GENPRU 1.3.
Table 2:
Proportionality levels: solo Remuneration Code firms which
include but are not limited to are BIPRU firms IFPRU
Investment firms orand overseas Remuneration Code firmsthird
country BIPRU firms
Proportionality
level
Proportionality
level one
Proportionality
level two
Proportionality
level three
Type of firm
UK Bank.
Building society.
BIPRU 730k firm that is a full
scope BIPRU investment firm.
IFPRU 730k Investment firms
that is a that is a full scope
IFPRU investment firm’
UK Bank.
Building society.
BIPRU 730k firm that is a full
scope BIPRU investment firm.
IFPRU 730k Investment firms
that is a that is a full scope
IFPRU investment firm’
UK Bank.
Building society.
Any full scope BIPRU
investment firm full scope
IFPRU Investment firms that
does not fall within
proportionality level one or
proportionality level two (in
BIPRU IFPRU limited licence
accordance with this Table).
firm.
BIPRU IFPRU limited activity
firm.
Relevant total assets on
relevant date of firm
(where applicable)
Exceeding £50bn
Exceeding £50bn
Exceeding £50bn
Exceeding £15bn but not
exceeding £50bn
Exceeding £15bn, but not
exceeding £50bn
Exceeding £15bn, but not
exceeding £50bn
Not exceeding £15bn
Not exceeding £15bn
Not applicable
Groups with more than one Remuneration Code firm
253. This paragraph applies where a Remuneration Code firm is part of a group
containing one or more other Remuneration Code firms:
(1) Each Remuneration Code firm in the group must determine the
proportionality level into which it would fall on the assumption it was a solo
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