What are readily realisable own funds?
This question applies to personal investment firms. The FSA’s rules require that additional own funds to mitigate noncompliant policy excesses and policy exclusions are held in a readily realisable form. According to IPRU (INV) 13.1.4 (4)G, items included in own funds are regarded as ‘readily realisable’ only if they can be realised, at any given time, within 90 days.
