ICAP Renews Waiver From Investment Firm Consolidation
12 April 2011
London, 12 April 2011 – ICAP, the world’s premier interdealer broker, confirms today that the UK Financial Services Authority (FSA) has approved ICAP's application to renew its waiver from investment firm consolidation for a further five years.
The waiver covers a requirement to apply capital on a consolidated basis and will expire on 07 April 2016.
Waivers can be granted under the BIPRU rules that implement the Capital Requirements Directive in the UK.
Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103
Alexandra Umpleby Head of Media Relations +44 (0) 20 7050 7104
Alex Dee Head of Investor Relations +44 (0) 20 7050 7123
ICAP is the world’s premier interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com