Glossary

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Term Definition Legal instruments

UK firm

31/12/2020

The changes to this defined term are effective from 23:00 on 31/12/2020.

(1) has the meaning given in paragraph 10 of Schedule 3 to FSMA (EEA Passport Rights);

(2) in the Depositor Protection part and Policyholder Protection part, means an authorised person who:

(a) has permission given under Part 4A of FSMA to carry on regulated activities that consist of or include one or more PRA-regulated activities; and

(b) is incorporated in the UK.