Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to a CRR firm;

1. (1) with respect to the carrying on of the following from an establishment in the UK:
1. (a) regulated activities;
2. (b) activities that constitute dealing in investments as principal, disregarding the exclusion in article 15 of Regulated Activities Order;
3. (c) ancillary activities;
4. (d) in relation to MiFID business, ancillary services; and
5. (e) unregulated activities in a prudential context; and
2. (2) with respect to the carrying on of passported activities by it from a branch in another EEA state;
3. (3) in a prudential context with respect to activities wherever they are carried on; and
4. (4) taking into account any activity of other members of a group of which the firm is a member.

1.2

In this Part, the following definitions shall apply:

chief executive function

means PRA controlled function CF3 in the table of PRA controlled functions, described more fully in SUP 10B.6.7R of the PRA Handbook.

PRA controlled function

means a function, relating to the carrying on of a regulated activity by a firm, which is specified by the PRA (in the table of PRA controlled functions), under section 59 of FSMA.

table of PRA controlled functions

means the table of PRA controlled functions in SUP 10B.4.3R of the PRA Handbook.