Regulation 15 Duty of PRA to identify O-SIIs

(1)

The PRA must identify O-SIIs in accordance with this regulation.

(2)

An O-SII must be—

(a)

a person with permission to carry on a regulated activity under Part 4A (permission to carry on regulated activities) of FSMA 2000, or

(b)

a person established in the United Kingdom.

(3)

An O-SII must also be—

(a)

part of a group, the parent undertaking of which is—

(i)

a UK parent institution,

(ii)

a UK parent financial holding company, or

(iii)

a UK parent mixed financial holding company, or

(b)

an institution.

(4)

In this regulation, “group” has the meaning given in section 421 (group) of FSMA 2000^f1.

Annotations