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Admissibility limits

B

bumblebee

Member
A bit of a last minute question:

For the admissibility limits on Peak 1 calculation, the allowable limits are calculated as a % of LTICR + MR + RCR (RCR = 0 for realistic basis firm).

My question is: Is the LTICR + RCR subject to a minimum of the BCRR as it is for other calculations? Or does it not matter in this instance? Any help very grateful for at the last minute!!
 
For the admissibility limits on Peak 1 calculation, the allowable limits are calculated as a % of LTICR + MR + RCR (RCR = 0 for realistic basis firm).

My question is: Is the LTICR + RCR subject to a minimum of the BCRR as it is for other calculations? Or does it not matter in this instance? Any help very grateful for at the last minute!!
Click to expand...

No, the LTICR + RCR is not subject to a minimum of the BCRR. (If it were, it would allow a higher concentration of assets for smaller firms, which doesn't sound desirable).

Further details can be found in INSPRU 2.1.22. But I wouldn't recommend reading this on the day of the exam.

Good luck with the exam.

Mark
 
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