PRU PART 1 PRU PART 1 — Application
PRU 3.1 PRU 3.1 Application
PRU 3.1.1 PRU 3.1.1
The Parts, Sections and Rules in this Chapter apply to an Authorised Person as stated in those provisions.
Guidance1. Part 2 (Basic Requirements) of this Chapter imposes a number of basic requirements, including the following core requirements:a. for an Authorised Person in Category 1, 2, 3A or 5, the components of its Capital Resources should at all times equal or exceed the thresholds specified in Section 3.16; and2. In particular, note that:a. Part 3 (Calculating Capital Requirements) applies to all firms, but with differentiated calculations for the Capital Requirement for the various Categories of Authorised Persons, as prescribed in Sections 3.4 and 3.6;b. Part 4 (Calculating Capital Resources) applies to all firms; and