Glossary

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Term Definition Legal instruments

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.

[Note: Section 425(1)(a) FSMA]