-
means a UK undertaking that is a designated investment firm.
-
(A) (In the PRA Handbook):(in BIPRU 12and SUP 16) a designated investment firm which is a body corporate or partnership formed under the law of any part of the UK.(B) (In the FCA Handbook):(in BIPRU 12) a designated investment firm which is a body corporate or partnership formed under the law of any part of the UK.
-
a MiFID investment firm whose Home State is the United Kingdom (this may include a natural person provided the conditions set out in Article 4(1)(1) of MiFID are satisfied).
-
(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.
-
(A) In the PRA Handbook: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 4A 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).(B) In the FCA Handbook:a firm which:(a) is a management company (whether or not it is also the manager of AIFs or the operator of other collective investment schemes); and(b) has a Part 4A 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).
-
(A) In the PRA Handbook:a UKfirm that:(a) is not part of a group that is subject to consolidated supervision by the FCA or the PRA or any other regulatory body; or(b) is part of a group that is subject to consolidated supervision by the FCA or the PRA and that group is not part of a wider group that is subject to consolidated supervision by a regulatory body other than the FCA or the PRA .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 and EU CRR or the Financial Groups Directive.(e) If the group is a UK consolidation group or financial conglomerate of which the FCA or the PRA 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.(B) In the FCA Handbook:a UKfirm that:(a) is not part of a group that is subject to consolidated supervision by the FCA or the PRA or any other regulatory body; or(b) is part of a group that is subject to consolidated supervision by the FCA or the PRA and that group is not part of a wider group that is subject to consolidated supervision by a regulatory body other than the FCA or the PRA .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.(d) It is not relevant whether or not any supervision by another regulatory body has been assessed as equivalent under the CRD and EU CRR or the Financial Groups Directive.(e) If the group is a consolidation group or financial conglomerate of which the FCA or the PRA 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.
-
a firm that has its registered office (or, if it has no registered office, its head office) in the United Kingdom.
-
has the meaning given in paragraph 10 of Schedule 3 to FSMA (EEA Passport Rights).
-
an ILAS BIPRU firm which has its registered office (or, if it does not have a registered office, its head office) in the United Kingdom.
-
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.
-
-
-
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.
-
-
(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.
-
(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.
-
-
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.
-
-
a UK domestic firm which has Part 4A permission to carry on insurance mediation activity but no other regulated activity.