Regulation 50 Amendment of the Financial Services and Markets Act 2000 (Prudential Regulation of FCA Investment Firms) (Definitions for the purposes of Part 9C) Regulations 2021

in the definition of a “IFPR financial institution”, in paragraph (a), for “activities listed in points 2 to 12, point 15 and the final paragraph of the Annex 1 activities” substitute “relevant activities”;

after the definition of the “PRA Rulebook” insert—

• ““relevant activities” means the activities—

  1. (a)

     listed in points 2 to 12, point 15 and the final paragraph of the Annex 1 activities, or

  2. (b)

     specified by Chapter 2B (cryptoassets) of Part 2 (specified activities) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.