PART 9C

Prudential regulation of FCA investment firms

Interpretation

FCA investment firms
143A
1
In this Part, “
FCA investment firm
” means an investment firm that—
a
is an authorised person within the meaning of section 31(1)(a),
b
is not for the time being designated by the PRA under article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 (S.I. 2013/556), and
c
has its registered office or, if it has no registered office, its head office in the United Kingdom.
2
But the following are not FCA investment firms—
a
a person excluded from the definition of “investment firm” in Article 3(1) of the Financial Services and Markets 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) by paragraph (a) or (b) of that definition;
b
an investment firm which has a Part 4A permission to carry on regulated activities as an exempt investment firm within the meaning of regulation 8 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701).
Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)