recognised third country investment firm

a CAD investment firm46 that46 satisfies the following conditions46:

1. (a) 46its head office is outside the EEA;46
2. (b) 846it is authorised by a third country competent authority in the state or territory in which the CAD investment firm's head office is located;46
3. (c) that third country competent authority is named in Part 2 of BIPRU 8 Annex 6 (Non-EEA investment firm regulators' requirements deemed CRD-equivalent for individual risks); and46
4. (d) that investment firm is subject to and complies with prudential rules of or administered by that third country competent authority that are at least as stringent as those laid down in the EEA prudential sectoral legislation for the investment services sector.46