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Term Definition Legal instruments

regulatory system


means the arrangements for regulating a firm or other person in or under FSMA, the Bank of England Act 1998, the Banking Act 2009, the Friendly Societies Act 1974, the Friendly Societies Act 1992, the Credit Unions Act 1979, including the threshold conditions, the Fundamental Rules and other rules, the Statements of Principle, codes and guidance given by the PRA, the Bank of England or the FCA and including any relevant directly applicable provisions of an EU Directive or Regulation including those specified under section 204A(2) of FSMA.