Capital Instruments: Pre-Issuance Notification

Firms that are subject to GENPRU are reminded that they must notify the FSA before issuing any capital instruments that they wish to include as regulatory capital. The rules, and guidance, are in GENPRU 2.2.61A and on.

The notice period ranges from one month prior to issue to no later than the date of issue depending upon the type of instrument in question.

The FSA has produced a useful FAQs fact sheet on the matter and which also includes details of the email address to send such notifications to.

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