Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-10-31.

financial entity

139(in MIFIDPRU) any of the following:

  1. (1) a MIFIDPRU investment firm (including a collective portfolio management investment firm);
  2. (2) a collective portfolio management firm;
  3. (3) an entity established in a third country that is subject to an assets under management-based financial resources requirement that is similar to the K-AUM requirement;
  4. (4) an insurance undertaking where the following conditions are met:
    1. (a) the insurance undertaking forms part of the same financial conglomerate as the firm that is applying the definition of a financial entity for the purposes of MIFIDPRU 4; and
    2. (b) the FCA is the coordinator for the financial conglomerate in (a); or
  5. (5) an undertaking (“A”) where the following conditions are met:
    1. (a) A forms part of the same investment firm group as the firm that is applying the definition of a financial entity for the purposes of MIFIDPRU 4 (“B”);
    2. (b) the investment firm group in (a) is subject to prudential consolidation under MIFIDPRU 2.5; and
    3. (c) both A and B are included within the consolidated situation of the UK parent entity of the investment firm group in (a).