SCHEDULES

C1SCHEDULE 6 Threshold Conditions

Annotations:
Modifications etc. (not altering text)
C1

Sch. 6 modified (3.9.2001) by S.I. 2001/2507, arts. 1(1), 3(1); S.I. 2001/2632, art. 2(2), Sch. Pt. 2

F1PART 1Introduction

Annotations:
Amendments (Textual)
F1

Sch. 6 Pts. 1-1G substituted for Sch. 6 Pts. 1, 2 (1.4.2013) by The Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013 (S.I. 2013/555), arts. 1, 2(2)

1A

1

In this Schedule—

  • “assets” includes contingent assets;

  • “consolidated supervision” has the same meaning as in section 3M;

  • “consumers” has the meaning given in section 425A;

  • “financial crime” is to be read with section 1H(3);

  • “functions”, in relation to the FCA or the PRA, means functions conferred on that regulator by or under this Act;

  • “liabilities” includes contingent liabilities;

  • “relevant directives” has the same meaning as in section 3M;

  • “Society” means the society incorporated by Lloyd’s Act 1871 by the name of Lloyd’s;

  • “subsidiary undertaking” includes all the instances mentioned in Article 1(1) and (2) of the Seventh Company Law Directive in which an entity may be a subsidiary of an undertaking.

2

For the purposes of this Schedule, the “non-financial resources” of a person include any systems, controls, plans or policies that the person maintains, any information that the person holds and the human resources that the person has available.

3

In this Schedule, References to “integrity” of the UK financial system are to be read in accordance section 1D(2).

4

References to the failure of a person are to be read in accordance with section 2J(3) and (4).