Capital Requirements Directive 2017

03 May 2017

Equiniti Financial Services Limited Pillar 3 Policy & Disclosures

In the United Kingdom, the CRD has been implemented by the Financial Conduct Authority (FCA) in its regulations through the General Prudential Sourcebook (‘GENPRU’) and the Prudential Sourcebook for Investment Firms (’IFPRU’). The FCA framework consists of three ‘Pillars’:

  • Pillar 1 sets out the minimum capital amount that meets the firm’s credit, market and operational risk;
  • Pillar 2 requires the firm to assess whether its Pillar 1 capital is adequate to meet its risks and is subject to annual review by the FCA;
  • Pillar 3 requires disclosure of specified information about the underlying risk management controls, capital position and remuneration.

This document has been produced by Equiniti Financial Services Limited (EFSL) to meet its Pillar 3 obligations.