Home FCA Handbook MIFIDPRU MIFIDPRU 4 MIFIDPRU 4.3 Own funds requirement
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MIFIDPRU 4.3 Own funds requirement

01/12/2021R

A MIFIDPRU investment firm must at all times maintain own funds that are at least equal to its own funds requirement.

01/12/2021R

The own funds requirement of a non-SNI MIFIDPRU investment firm is the highest of:

  1. (1)

    its permanent minimum capital requirement under MIFIDPRU 4.4;

  2. (2)

    its fixed overheads requirement under MIFIDPRU 4.5; or

  3. (3)

    its K-factor requirement under MIFIDPRU 4.6.

01/12/2021R

The own funds requirement of an SNI MIFIDPRU investment firm is the higher of:

  1. (1)

    its permanent minimum capital requirement under MIFIDPRU 4.4; or

  2. (2)

    its fixed overheads requirement under MIFIDPRU 4.5.