Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2021-10-04.

recognised third country investment firm

  1. (1) (in BIPRU and192 GENPRU 3.2 (Third-country groups) as 192 applies to a BIPRU firm in relation to a third-country banking and investment group and a banking and investment group)161 a CAD investment firm that satisfies the following conditions:
    1. (a) its head office is outside the UK192;
    2. (b) it is authorised by a third country competent authority in the state or territory in which the CAD investment firm's head office is located;
    3. (c) that third country competent authority is named in Part 2 of BIPRU 8 Annex 6 (Non UK192investment firm regulators' requirements deemed CRD-equivalent for individual risks); and
    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 for BIPRU firms in GENPRU and BIPRU192.
  2. 130
    1. (2) (except for the purpose in (1)) (in GENPRU 3.2 (Third country groups) in relation to a third-country banking and investment group and a banking and investment group) an investment firm that falls within the meaning of “investment firm” in article 4(1)(2) of the UK CRR192and which satisfies the following conditions: 161
      1. (a) its head office is outside the UK192;161
      2. (b) it is authorised by a third country competent authority in the state or territory in which the investment firm's head office is located; and161
      3. (c) 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 UK CRR192.161
    2. (3) (in GENPRU 3.1) a firm in either (1) or (2), or both.161