• PRU 3.4 PRU 3.4 Capital Requirements for Categories 1, 2, 3A and 5

    • PRU 3.4.1

      This Section applies to an Authorised Person in Category 1, 2, 3A or 5.

    • PRU 3.4.2

      (1) The Capital Requirement for an Authorised Person is calculated, subject to (2), as the higher of:
      (a) the applicable Base Capital Requirement as set out in Section 3.3; or
      (b) its Risk Capital Requirement as set out in Section 3.5
      (2) Where 1(b) is the higher and the Authorised Person has an ICR imposed on it then the Capital Requirement is its ICR plus Risk Capital Requirement.