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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;
  2. (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
  3. (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.