Glossary

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Term Definition Legal instruments

requirement

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE INSURANCE GENERAL APPLICATION PART

means a requirement or limitation included in a firm's Part 4A permission under section 55F(4) of FSMA (Giving permission: the PRA), section 55L(3) of FSMA (Imposition of requirements by the FCA), section 55M(3) of FSMA (Imposition of Requirements by the PRA) or section 55O of FSMA (Imposition of requirements on acquisition of control).