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Glossary

The Rulebook Glossary contains defined terms used in more than one Part across the PRA Rulebook.

The full Glossary can be downloaded as a PDF or printed using the icons to the right.

Term Definition Legal instruments for this definition

The EU

29/04/2014

This term is defined externally, please refer to -

s1(2) Interpretation Act 1978

third country

01/01/2014

means a territory or country that is not an EEA State.

third country CRR firm

01/07/2015

means an overseas firm that:

(1) is not an EEA firm;

(2) has its head office outside the European Economic Area; and

(3) would be a CRR firm if it had been a UK undertaking, had carried on all of its business in the UK and had obtained whatever authorisations for doing so as are required under FSMA.

third country firm

05/09/2014

means an overseas firm that is not an incoming firm.

third country investment firm

02/04/2015

a firm which would be a MiFID investment firm if it had its head office in the EEA.

Third Life Directive

19/06/2014

means the Council Directive of 10 November 1992 on the coordination of laws, etc, and amending Directives 79/267/EEC and 90/619/EEC (No 92/96/EEC).

Third Non-Life Directive

19/06/2014

means the Council Directive of 18 June 1992 on the coordination of laws, etc, and amending Directives 73/239/EEC and 88/357/EEC (No 92/49/EEC).

tied agent

02/04/2015

means a person who, under the full and unconditional responsibility of only one MiFID investment firm or third country investment firm on whose behalf it acts, promotes investment services and/or ancillary services to clients or prospective clients, receives and transmits instructions or orders from the client in respect of investment services or financial instruments, places financial instruments and/or provides advice to clients or prospective clients in respect of those financial instruments or investment services.

top-up permission

19/06/2014

means a Part 4A permission given to an incoming EEA firm or an incoming Treaty firm.