Fsa handbook bipru

principal exemption co nditions" in the FSA's Glossary of defined expressions used in the FSA's Handbook. The effect of the current standard limitations and new standard limitation is that a firm becomes a BIPRU 125k firm if it is able to hold client money and/or its permissio n comprises 3 FSA Handbook, BIPRU, Sections 5.3.3 and 13.7.6 4 . FSA Handbook, BIPRU, Sections 5.2.2 and 5.4.11. 5 . The form of opinion letter sought from inhouse counsel may differ from that which an external law firm may be - required to give, because in-house counsel may have a greater knowledge of the company or the documents on direction, that falls into BIPRU 8.1.1R (collectively the "firms") Ref: 800957 Of: 1 Aldermanbury Square, London, EC2V 7SB Date: 1 January 2008 Handbook Version as in force at the date of this Direction Power 1. This direction is given by the FSA under section 148 of the Act on 21 June 2007. Duration 2. Strengthening Capital Standards 2 Appendix: Volume 1 Draft Handbook text GENPRU 1 to BIPRU 5 February 2006 06/3 Introduction 1. The numbering of the draft Handbook text follows the structure of the FSA Handbook as we expect it to appear from 1 January 2007 when the CRD comes into force. For BIPRU modules of the FSA Handbook. A firm must obtain a waiver to use the AMA to operational risk on a solo basis or, if the context requires, a consolidated basis. This is referred to in the FSA Handbook as the firm's AMA permission. Limited licence and limited activity investment firms do not have to calculate the ORCR but must meet the (1) FSA 2007/27 - clarification that the new sub-category of BIPRU investment firms (exempt BIPRU commodity firms - firms that fall within the scope of MiFID but are exempt from the Capital Requirements Directive) will have to apply the rules in the existing IPRU(INV) chapter 3 regime. The remuneration code is set out in Section 19A of the Senior Management Arrangements, Systems and Controls ("SYSC") of the UK FSA Handbook. 7 The