Section 143A FCA investment firmsF1

United Kingdom

(1)

In this Part, “FCA investment firm” means an investment firm that—

(a)

is an authorised person within the meaning of section 31(1)(a),

(b)

is not for the time being designated by the PRA under article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 (S.I. 2013/556), and

(c)

has its registered office or, if it has no registered office, its head office in the United Kingdom.

(2)

But the following are not FCA investment firms—

(a)

a person excluded from the definition of “investment firm” in Article 3(1) of the Financial Services and Markets 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) by paragraph (a) or (b) of that definition;

(b)

an investment firm which has a Part 4A permission to carry on regulated activities as an exempt investment firm within the meaning of regulation 8 of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701).

Annotations

Textual amendments

F1: Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)