FSA is consulting until 8 December on the following changes to the Prudential Sourcebook for Banks, Building Societies and Investment Firms (BIPRU):

  • removing the simplified ILAS BIPRU firm automatic scalar increase, so that firms will need to continue to maintain a liquid asset buffer of only at least 50% of the simplified buffer requirement;
  • amendments to the BIPRU 12.7 liquid assets buffer, so that credit quality and currency requirements apply to securities issued by a designated multilateral development bank; and
  • amendments to correct three drafting errors.     

(Source: FSA CP 12/31 – Removing the Simplified ILAS BIPRU Automatic Scalar Increase)