# The Risk Transformation Regulations 2017, Paragraph 9: Part 24 of FSMA: references to “regulated activities” and “PRA-authorised person”


If the protected cell company has (or had) permission to carry on a regulated activity under Part 4A (permission to carry on regulated activities) of FSMA, then Part 24 (insolvency) of FSMA applies to the core as if the core has (or had) that permission.

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Source: https://www.legislation.gov.uk/ukdsi/2017/9780111160596/schedule/3/paragraph/9 (the official version)
Page: https://openlegislation.uk/draft-risk-transformation-regulations-2017/schedule-3/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.