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prime brokerage firm

84a firm that provides prime brokerage services to a client and which may do so acting as principal.

  1. 104(1) (except in FUND) a firm that provides prime brokerage services to a client and which may do so acting as principal.
  2. 104(2) (in FUND) a credit institution, regulated investment firm or another entity subject to prudential regulation and ongoing supervision, offering services to professional clients primarily to finance or execute transactions in financial instruments as counterparty and which may also provide other services, such as clearing and settlement of trades, custodial services, stock lending, customised technology and operational support facilities.

[Note: article 4(1)(af) of AIFMD]