Glossary

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PRA senior management function
Term Definition Legal instruments

third country CRR firm

31/12/2020

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

means an overseas firm that 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.

Additional Notes

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