• Capital requirements

    • MIR 2.4.3

      A Recognised Investment Exchange must, at all times, hold capital in accordance with Rule 3.2.

    • MIR 2.4.4

      A Recognised Clearing House must, at all times, hold capital in accordance with Rule 4.2.

    • MIR 2.4.5

      "Capital" means Tier 1 Capital, as defined in PRU 3.9.

    • MIR 2.4.6

      The Regulator may require a Recognised Body to hold an additional capital buffer, which may be used only in times of market stress or financial difficulty.