The Financial Services Authority has emailed firms likely to be subject to the risk-based requirements of the Capital Requirements Directive (CRD) with an assessment of their categorisation.
Firms receiving the email must fill in the online form attached to the email and send it to the FSA by 22 September. The email contains an assessment of each firm’s BIPRU (banks, building societies and investment firms sourcebook) category and capital requirements. Firms must confirm whether they agree with the assessment and provide the FSA with information on their plans for complying with the CRD requirements. Firms are responsible for determining which category applies to them and the email states they should carry out a review before telling the FSA whether they agree with its pr...
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