[71A Meaning of “relevant authorised person”]
[71A Meaning of “relevant authorised person”]

[(1)     In this Part “relevant authorised person” means a UK institution which—

(a)     meets condition A or B, and

(b)     is not an insurer.

(2)     Condition A is that the institution has permission under Part 4A to carry on the regulated activity of accepting deposits.

(3)     Condition B is that—

(a)     the institution is an investment firm,

(b)     it has permission under Part 4A to carry on the regulated activity of dealing in investments as principal, and

(c)     when carried on by it, that activity is a PRA-regulated activity.

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