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means a UK undertaking that has permission under Part 4A of FSMA to carry on the regulated activity of accepting deposits and is a credit institution, but is not a credit union, friendly society or a building society.
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(1) (except in REC) (as defined in paragraph 10 of Schedule 3 to the Act (EEA Passport Rights)) a person whose head office is in the United Kingdom and who has an EEA right to carry on activity in an EEA State other than the United Kingdom.(2) (in REC) means an investment firm or credit institution which has a Part 4A permission to carry on one or more regulated activities.
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a clearing house which is declared by an order made by the Bank of England under section 290 of the Act and for the time being in force to be a recognised clearing house.
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the MCR calculated in accordance with INSPRU 1.5.44R by a non-EEA direct insurer (except a UK-deposit insurer, an EEA-deposit insurer or a Swiss general insurer) in relation to business carried on by the firm in the United Kingdom.
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a bank which is a body corporate or partnership formed under the law of any part of the United Kingdom.
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an insurer, other than a pure reinsurer or a non-directive insurer, whose head office is in the United Kingdom.
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means an undertaking within the meaning of section 1161(1) of the Companies Act 2006 (meaning of “undertaking” and related expressions) whose registered office or, if the undertaking does not have a registered office, whose head office is in any part of the UK.
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(as defined in section 1I of the Act (Meaning of "the UK financial system")) the financial system operating in the United Kingdom including:(a) financial markets and exchanges;(b) regulated activities; and(c) other activities connected with financial markets and exchanges.
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(A) In the PRA Handbook:The group of undertakings which are included in the consolidated situation of a parent institution in a Member State, an EEA parent institution, an EEA parent financial holding company or an EEA parent mixed financial holding company (including any undertaking which is included in that consolidation because of an Article 12(1) relationship, Article 18(5) relationship or Article 18 relationship).(B) In the FCA Handbook:(1) (for the purposes of SYSC as it applies to a CRR firm) the group of undertakings which are included in the consolidated situation of a parent institution in a Member State, an EEA parent institution, an EEA parent financial holding company or an EEA parent mixed financial holding company (including any undertaking which is included in that consolidation because of a consolidation article 12(1) relationship, article 18(5) relationship or article 18(6) relationship).(2) (for the purposes of BIPRU and SYSC as it applies to a BIPRU firm) has the meaning in BIPRU 8.2.4 R (Definition of UK consolidation group), which is in summary the group that is identified as a UK consolidation group in accordance with the decision tree in BIPRU 8 Annex 1 R (Decision tree identifying a UK consolidation group); in each case only persons included under BIPRU 8.5 (Basis of consolidation) are included in the UK consolidation group.
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a UK domestic firm which has Part 4A permission to carry on insurance mediation activity but no other regulated activity.
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a non-EEA insurer that has made a deposit in the United Kingdom under article 23 of the First Non-Life Directive in accordance with article 26 of that Directive or under article 51 of the Consolidated Life Directive in accordance with article 56 of that Directive.
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a firm that has its registered office (or, if it has no registered office, its head office) in the United Kingdom.
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a pure reinsurer whose head office is in the United Kingdom.
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means a UK undertaking that is an investment firm that has been designated by the PRA under Article 3 of Financial Services and Markets Act 2000 (PRA-regulated Activities) Order (S.I. 2013/556).
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a company that is a:(a) UK bank; or(b) UK insurer; or(c) UK incorporated parent undertaking of a company referred to in (a) or (b) where the main business of the group to which the parent undertaking and the company belong is financial services.