Adviser support group Tenet has launched a tool to help its directly-authorised members calculate their capital adequacy requirements.
Under the rules, which are being phased in from December, personal investment firms must hold capital resources equal to at least three months of their annual fixed expenditure in readily-realisable assets, such as cash.
The minimum threshold for any firm will be set at £20,000, double the existing £10,000.
Tenet said its calculator will allow firms to identify and understand the basic requirements and calculate what they will need.
"Having been deferred for two years to allow firms to deal with the Retail Distribution Review, there are now only five months to go until the new rules and transitional arrangements come into force," said distribution & development director, Helen Turner.
"This new tool will enable advisers to establish the minimum capital resource applicable to them."
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