[(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.
(4) The Treasury may by order provide that authorised persons falling within any of the
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