# Financial Services and Markets Act 2000, Section 192JA: Rules applying to parent undertakings of ring-fenced bodies


(1) The appropriate regulator may make such rules applying to bodies corporate falling within subsection (2) as appear to the regulator to be necessary or expedient for the group ring-fencing purposes.
(2) A body corporate falls within this subsection if—
(a) it is incorporated in the United Kingdom or has a place of business in the United Kingdom,
(b) it is a parent undertaking of a ring-fenced body, and
(c) it is not itself an authorised person.
(3) The “group ring-fencing purposes” are the purposes set out in section 142H(4).
(4) “The appropriate regulator” means—
(a) in relation to the parent undertaking of a ring-fenced body that is a PRA-authorised person, the PRA;
(b) in any other case, the FCA.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/section/192JA (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/section-192JA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.