Section 206F Interpretation: other termsF1

In this Part—

• “FCA” means the Financial Conduct Authority;

• “FCA-regulated person” means—

  1. (a)

     a person who has Part 4A permission,

  2. (b)

     an authorised payment institution or small payment institution, within the meaning of the Payment Services Regulations 2017 (S.I. 2017/752), or

  3. (c)

     an authorised electronic money institution or small electronic money institution, within the meaning of the Electronic Money Regulations 2011 (S.I. 2011/99);

• “Part 4A permission” has the meaning given by section 55A of the Financial Services and Markets Act 2000;

• “the Payment Systems Regulator” means the Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013;

• “PRA” means the Prudential Regulation Authority;

• “PRA-regulated activity” has the meaning given by section 22A of the Financial Services and Markets Act 2000;

• “the UK financial system” has the meaning given by section 1I of the Financial Services and Markets Act 2000.

For the purposes of this Part, a company (within the meaning of the Companies Act 2006) is wholly owned by the Crown if, and only if, every member of the company is—