Prudential Regulation Authority Rulebook

3.1

[Deleted.]

3.2

[Deleted.]

3.3

The Fundamental Rules apply with respect to the carrying on of:

1. (1) regulated activities;
2. (2) activities that constitute dealing in investments as principal, disregarding the exclusion in Article 15 of the Regulated Activities Order (Absence of holding out etc); and
3. (3) ancillary activities in relation to PRA-regulated activities.

3.4

Fundamental Rules 3, 4, 5, 6, 8 and (in so far as it relates to disclosing to the PRA) 7 (and this chapter) also:

1. (1) apply with respect to the carrying on of unregulated activities (for Fundamental Rules 5, 6 and 8 this is only in a prudential context); and
2. (2) take into account any activity of other members of a group of which the firm is a member.

3.5

The Fundamental Rules apply with respect to activities wherever they are carried on.

3.6

Where Fundamental Rule 7 refers to regulators, this means, in addition to the PRA, other regulators with recognised jurisdiction in relation to regulated activities, whether in the UK or abroad.