Last checked at 8 Jun 2011 15:07
8 June 2011
Tullett Prebon plc
Waiver from Consolidated Capital Resource Requirements Renewed
Tullett Prebon plc ("the Company") today announces that its application for a renewal of its waiver from consolidated capital resources requirements has been approved by the Financial Services Authority.
The renewed investment firm consolidation waiver runs for five years and will expire on 6 June 2016.
The terms of the renewed waiver are the same as those under the existing waiver. Each investment firm within the group must be either a limited activity or a limited licence firm and must comply with its individual regulatory capital resources requirements. Tullett Prebon plc, as the parent company, must continue to maintain capital resources in excess of the sum of the solo notional capital resources requirements for each relevant firm within the group.
Information disclosure under Pillar 3 is available on the Company's website www.tullettprebon.com.
Enquiries:
Nigel Szembel, Head of Communications, Tullett Prebon plc
+44 (0)20 7200 7722
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