non-directive firm
- (a) a credit institution authorised under the Banking Consolidation Directive;
- (b) an investment firm authorised under MIFID;
- (c) a management company as defined in article40 2(1)(b)40 of the UCITS Directive, authorised under that directive;
- (d) an undertaking pursuing the activity of direct insurance within the meaning of:
- (i) article 2 of the Consolidated Life Directive, authorised under that directive; or
- (ii) article 1 of the First Non-Life Directive, authorised under that directive;
- (e) an undertaking pursuing the activity of reinsurance within the meaning of article 2.1 (a) of the Reinsurance Directive, authorised under that directive.
32(in SUP 11 (Controllers and close links) and SUP 16 (Reporting requirements)) (in accordance with the Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009 (SI 2009/774)) a UK domestic firm other than: