Plexus Partners LLP

Description

There are three supervisory pillars set out in the revised Basel Accord, which have been written into European Law through the Capital Requirements Directive (‘CRD’). The third pillar requires firms to publish certain details on the risks to the business, the risk management process and on the adequacy of capital held. In accordance with the draft of the third pillar on disclosure, the FSA Handbook (section BIPRU 11.5) details the technical criteria required to implement the relevant articles of the Banking Consolidation Directive and the Capital Adequacy Directive necessary for Plexus Partners LLP as a BIPRU Investment Firm (an investment firm as defined by the FSA within the banks, building society and investment firm prudential standards). All disclosures are detailed below, omitting items only where they are considered immaterial, i.e. where omission does not influence the assessment or the economic decisions of readers. The disclosure requirements cover four areas: the scope of the requirements, risk management, the capital resources in the business and the compliance with the Basel Accord’s Pillar 1 and Pillar 2 Capital Adequacy rules.

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