© Omniphi Systems Limited © Omniphi Systems Limited
News
4th August 2014Capital Adequacy: FCA Publication of Rules
The FCA have now published the new Capital Adequacy rules for SIPP Providers.

The XL Report entitled Full Valuations now allows for the updated formula.

Omni will automatically adjust the relevant constant depending on the total value of your Assets Under Administration

The program does not currently have any way of identifying whether or not a property is Standard or Non standard - the assumption is that ALL property is standard. As such the final figure for total capital required should be left to the users discretion.

Should you have any queries with running this report, please get in touch.

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