Home FCA Handbook IPRUINV IPRU-INV 5 IPRU-INV 5.1 Application

This chapter includes rules that refer to provisions of the UK CRR in the form in which it stood at 31 December 2021. That version of the UK CRR can be found on legislation.gov.uk using this link .

You are viewing IPRU-INV 5.1 Application as of . IPRU-INV 5.1 Application was last updated on 01/01/2022.

IPRU-INV 5.1 Application

01/01/2022R
  1. (1)
    1. (a)

      This chapter applies to an investment management firm, other than:

      1. (i)

        [deleted]

      2. (ii)

        a MiFID investment firm.

    2. (aa)

      This chapter applies, as set out in IPRU-INV 5.1.2R, to:

      1. (i)

        [deleted]

      2. (ii)

        OPS firms;

      3. (iii)

        non-OPS Life Offices and non-OPS Local Authorities; and

      4. (iv)

        individuals admitted to membership collectively.

01/01/2022R
  OPS firms (see Note 1 below)Non-OPS Life Offices and Non-OPS Local AuthoritiesIndividuals admitted to membership collectively
Financial resources rules
IPRU-INV 5.2.1R to 5.7.3R NoNoYes
 Individuals whose sole investment business is giving investment advice to institutional or corporate investors Firms subject to "lead regulator arrangements"All other firms
Financial resources rules
IPRU-INV 5.2.1R to 5.7.3RNo NoYes
   (see Note 2 below) 
Accounting records rules
IPRU-INV 5.3.1R (1) to 5.3.1R(6)No YesYes
Note 1. Firms are referred to the specific compliance reports for OPS firms required by Chapter 16 of the Supervision manual.
Note 2. A firm subject to "lead regulator arrangements" whereby a body other than the FCA is responsible for its financial regulation shall comply with the corresponding financial resources rules and financial returns rules of that body, and a breach of such rules shall be treated as a breach of the rules of the FCA.
 

Interpretation

26/01/2017G

The definitions in the glossary at IPRU-INV 5 Appendix 1 apply to terms shown in bold type in this chapter (other than headings and titles). Where the term is italicised, the FCA Handbook Glossary definition applies.

01/01/2022R

Any reference in IPRU-INV 5 to the UK CRR is to the UK CRR in the form in which it stood at 31 December 2021.