Home FCA Handbook IPRUINV IPRU-INV 5 IPRU-INV 5.2 General requirement

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 5.2 General requirement as of . IPRU-INV 5.2 General requirement was last updated on 01/01/2021.

IPRU-INV 5.2 General requirement

Adequacy of financial resources

05/11/2016R

A firm must at all times have available the amount and type of financial resources required by the rules in this chapter.

Basic requirement

05/11/2016R

A firm must ensure that, at all times, its financial resources are not less than its financial resources requirement.

Financial resources

01/01/2021R

A firm's financial resources means:

  1. (a)

    its own funds, if the firm is subject to an own funds requirement under IPRU-INV 5.4.2R; or

  2. (b)

    its liquid capital, if the firm is subject to a liquid capital requirement under IPRU-INV 5.4.1R.