Related provisions for SYSC 10A.1.2
1 - 20 of 29 items.
If the Part 4A permission of a firm contains a requirement obliging it to comply with this rule with respect to a third-country banking and investment group of which it is a member, it must comply, with respect to that third-country banking and investment group, with the rules in Part 2 of GENPRU 3 Annex 2, as adjusted by Part 3 of that annex.
1The application of this section is set out in the following table:
Type of firm |
Applicable provisions |
UK firm operating a multilateral trading facility or an OTF and a UK branch of a third country investment firm operating a multilateral trading facility or an OTF |
|
MAR 10.4.7D to MAR 10.4.9D and MAR 10.4.11G2 |
|
UK branch of a2third country investment firm when not operating a multilateral trading facility or an OTF |
MAR 10.4.7D to MAR 10.4.9D and MAR 10.4.11G2 |
Member, participant or a client of a UK trading venue |
|
A firm may not apply the second method in BIPRU 8.7.13R (3) (accounting consolidation for the whole group) or apply accounting consolidation to parts of its UK consolidation group or non-UK sub-group5 under method three as described in BIPRU 8.7.13R (4)(a) for the purposes of the calculation of the consolidated market risk requirement unless the group or sub-group and the undertakings in that group or sub-group satisfy the conditions in this rule. Instead the firm must use the
(1) A CAD Article 22 group means a UK consolidation group or non-UK sub-group3 that meets the conditions in this rule.(2) There must be no bank, building society or2credit institution2 in the UK consolidation group or non-UK sub-group3 and any investment firm in the UK consolidation group or non-UK sub-group3 must not be subject to consolidated supervision under the UK CRR3.112(3) Each CAD investment firm in the UK consolidation group or UK sub-group3 must use the definition
26The definition of a UKmultilateral trading facility33 covers:(1) a multilateral trading facility as defined by article 2(1)(14A) of MiFIR33 (see PERG 13, Q24) operated by an investment firm, a credit institution or a market operator; or(2) a facility which:(a) is operated by an investment firm, a credit institution or a market operator that is set up outside the United Kingdom33; and(b) would come within (1) if its operator was set up in the United Kingdom33.
26The definition of an UK organised trading facility33 covers:(1) UK33 organised trading facility as defined by article 2(1)(15A) of MiFIR33 (see PERG 13, Q24A) operated by an investment firm, a credit institution or a market operator; or(2) a facility which:(a) is operated by an investment firm, a credit institution or a market operator that is set up outside the United Kingdom33; and(b) would come within the MiFID definition if its operator was set up in the United Kingdom3
1In addition:(1) In accordance with paragraph 15(9) of the Schedule to the Recognition Requirement Regulations and REC 2.16A.1GR, MAR 5A.3.9R applies to a UK RIE as though it was an investment firm.(2) GEN 2.2.22AR applies to ensure that a third country investment firm should not be treated in a more favourable way than an EEA firm.