F1PART 5AWholesale cash distribution
Introduction
206FInterpretation: other terms
(1)
In this Part—
“FCA” means the Financial Conduct Authority;
“FCA-regulated person” means—
(a)
a person who has Part 4A permission,
(b)
an authorised payment institution or small payment institution, within the meaning of the Payment Services Regulations 2017 (S.I. 2017/752), or
(c)
an authorised electronic money institution or small electronic money institution, within the meaning of the Electronic Money Regulations 2011 (S.I. 2011/99);
“Part 4A permission” has the meaning given by section 55A of the Financial Services and Markets Act 2000;
“the Payment Systems Regulator” means the Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013;
“PRA” means the Prudential Regulation Authority;
“PRA-regulated activity” has the meaning given by section 22A of the Financial Services and Markets Act 2000;
“the UK financial system” has the meaning given by section 1I of the Financial Services and Markets Act 2000.
(2)
For the purposes of this Part, a company (within the meaning of the Companies Act 2006) is wholly owned by the Crown if, and only if, every member of the company is—
(a)
a Minister of the Crown, government department or company wholly owned by the Crown, or
(b)
a person acting on behalf of a Minister of the Crown, government department or company wholly owned by the Crown.