Part 1 New Part 9C of the Financial Services and Markets Act 2000
Financial Services Act 2021 (2021 c 22) | Legislation

SCHEDULE 2 Prudential regulation of FCA Investment Firms

Section 2

Part 1 New Part 9C of the Financial Services and Markets Act 2000

1

In the Financial Services and Markets Act 2000, after Part 9B insert—

“Part 9C
Prudential regulation of FCA Investment Firms
Interpretation
143A FCA investment firms

(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 (SI 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 (SI 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

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Specific performance of property agreements

If a party to a property agreement fails to comply with its obligations, the other party may wish to apply for an order for specific performance. Specific performance is an equitable, discretionary remedy which, if granted, compels a party to perform a contractual obligation. This Practice Note

LEXISNEXIS

Unless orders

Unless ordersThis Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.This Practice Note provides guidance on

LEXISNEXIS

How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?

How is the National Employment Savings Trust (NEST) different from a typical occupational pension scheme?In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI 2010/917 (NEST Order) applicable from 25 May

LEXISNEXIS

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty,