[192A Meaning of “qualifying authorised person”]

[Part 12A Powers Exercisable in Relation to Parent Undertakings]

[Introductory]

[192A  Meaning of “qualifying authorised person”]

[(1)     In this Part “qualifying authorised person” means an authorised person satisfying the following conditions.

(2)     Condition A is that the authorised person is a body corporate incorporated in the United Kingdom.

(3)     Condition B is that the authorised person is—

(a)     a PRA-authorised person, or

(b)     an investment firm.

(4)     The Treasury may by order—

(a)     amend subsection (3) so as to add to or restrict the descriptions of authorised person who can be qualifying authorised persons, or

(b)     provide that while the order is in

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