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a management company that is established in the United Kingdom and is authorised and regulated by the FSA .
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(1) (except in relation to MiFID business) a firm which is either:(a) a UCITS firm; or(b) a UCITS investment firm.(2) (in relation to MiFID business) a management company as defined in the UCITS Directive.[Note: article 4 (1)(24) of MiFID]
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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.
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a parent financial holding company in a Member State where the EEA State in question is the United Kingdom.
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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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(as defined in section 3 of the Act (Market confidence)) 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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(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 IV permission to carry on one or more regulated activities.
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a UK domestic firm which has Part IV permission to carry on insurance mediation activity but no other regulated activity.
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the FSA acting in its capacity as the competent authority for the purposes of Part VI of the Act (Official Listing).
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(a) an authorised fund authorised by the FSA in accordance with the UCITS Directive:(i) with the sole object of collective investment in transferable securities or in other liquid financial instruments permitted by COLL 5.2 (General investment powers and limits for UCITS schemes) of capital raised from the public and which operates on the principle of risk-spreading; and(ii) with units which are, at the request of unitholders, repurchased or redeemed, directly or indirectly, out of the scheme's assets; and for this purpose action taken by or on behalf of a scheme to ensure that the stock exchange value of its units does not significantly vary from their net asset value is to be regarded as equivalent to that repurchase or redemption; or(b) an umbrella, each of whose sub-funds would be a UCITS scheme if it had a separate authorisation order;unless:(c) [deleted](d) the scheme'sunits under its instrument constituting the scheme, may be sold only to the public in non-EEA States; or(e) the scheme (other than a master UCITS which has at least two feeder UCITS as unitholders) raises capital without promoting the sale of its units to the public within the EEA or any part of it.[Note: article 1 of the UCITS Directive]
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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 firm which:(a) is a management company, including where in addition the firm is also the operator of a collective investment scheme which is not a UCITS scheme; and(b) does not have a Part IV permission (or an equivalent permission from its Home State regulator)to carry on any regulated activities other than those which are in connection with, or for the purpose of, such schemes.
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a firm which:(a) is a management company (whether or not it is also the operator of other collective investment schemes); and(b) has a Part IV permission (or an equivalent permission from its Home State regulator) to manage investments where:(i) the investments managed include one or more of the instruments listed in Section C of Annex 1 to MiFID; and(ii)the permission extends to activities permitted by article 6(3) of the UCITS Directive as well as those permitted by article 6(2).
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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 UKfirm that:(a) is not part of a group that is subject to consolidated supervision by the FSA or any other regulatory body; or(b) is part of a group that is subject to consolidated supervision by the FSA and that group is not part of a wider group that is subject to consolidated supervision by a regulatory body other than the FSA .For the purposes of this definition:(c) Consolidated supervision of a group of persons means supervision of the adequacy of financial and other resources of that group on a consolidated basis. For example, this includes supervision under BIPRU 8 (Group risk consolidation).(d) It is not relevant whether or not any supervision by another regulatory body has been assessed as equivalent under the CRD or the Financial Groups Directive.(e) If the group is a UK consolidation group or financial conglomerate of which the FSA is lead regulator that is headed by an undertaking that is not itself the subsidiary undertaking of another undertaking the firm is a 'UK lead regulated firm'.This definition is not related to the defined term lead regulated firm.
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a firm (other than an EEA UCITS management company) which:(a) for the time being is an operator, trustee or depositary of a scheme which is a recognised scheme under section 264 of the Act; and(b) is an authorised person as a result of paragraph 1(1) of Schedule 5 to the Act (Persons Concerned in Collective Investment Schemes);a reference to a firm as a UCITS qualifier applies in relation to the carrying on by the firm of activities for which it has permission in that capacity.