Glossary

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Term Definition Legal instruments

participant firm

31/12/2020

THIS DEFINITION ONLY APPLIES TO THE FSCS MANAGEMENT EXPENSES LEVY LIMIT AND BASE COSTS PART

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

(1) has the meaning given in paragraph A (2) of the PRA Handbook Glossary definition of ‘participant firm’ as at 29 February 2016 for the purposes of the PRA’s rules and has the meaning given in the FCA Handbook for the purposes of the FCA’s rules in FEES 1; and

(2) includes CRO insurers.