MIFIDPRU-eligible third country credit institution

149a credit institution that satisfies the following conditions:

1. (1) its registered office or, if it has no registered office, its head office is outside the UK;
1. (2) it is authorised by a third country competent authority in the state or territory in which the credit institution’s head office is located; and
1. (3) the credit institution is subject to prudential supervisory and regulatory requirements in that state or territory that are comparable to those applied in the UK.