PRU 3.2.2

Past version: effective from 21/10/2015 - 20/10/2015
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An Authorised Person that is a Domestic Firm must:

(a) have and maintain, at all times, Capital Resources of the kinds and amounts specified in, and calculated in accordance with, these Rules;
(b) ensure that it maintains capital and liquid assets in addition to the requirement in (a) which are adequate in relation to the nature, size and complexity of its business to ensure that there is no significant risk that liabilities cannot be met as they fall due; and
(c) these Rules shall not prevent Authorised Persons from holding Capital Resources in excess of or applying stricter measures than required by these Rules.