Debt cap: financial services groups: qualifying activities
This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.
The three types of qualifying activities
TIOPA10/S266 treats a worldwide group as a qualifying financial services group for a period of account of that group if substantially all the trading income of the group (measured by reference to either the group as a whole or just the relevant group or group securitisation companies) is derived from qualifying activities. There are three types of qualifying activities (S267):