Large Exposure Regime Change

As mentioned in Regulatory Roundup 19, the Large Exposure regime in BIPRU 10.5 will change from 31 December 2010.

The amended Rules can be seen in the recently published FSA Instrument FSA 2010/41.

As will be seen from page 21, BIPRU 10 will no longer apply to a BIPRU limited licence firm or a BIPRU limited activity firm from the above date. If you are unsure of your prudential category please speak to your usual Complyport contact.