[(1) The following definitions apply for the purposes of this Part.
(2) “Relevant requirement” means a requirement imposed—
(a) by or under this Act, . . .
[(aa) by regulations under section 11 of the Civil Liability Act 2018,]
(b) by a qualifying EU provision specified, or of a description specified, for the purposes of this subsection by the Treasury by order[, . . .
(c) by the Alternative Investment Fund Managers Regulations 2013][, or
(d) by the Undertakings for Collective Investment in Transferable Securities Regulations 2011].
(3) The PRA is “the appropriate regulator” in the case of a contravention of—
(a) a requirement that is imposed under any provision of this Act by the PRA;
(b) a requirement under section 56(6) where the authorised person concerned is a PRA-authorised person and the prohibition order concerned is made by the PRA;
(c) . . .
[(d) a requirement under section 62A(2) where [“the revised statement of responsibilities is to be provided to the PRA only;]
(e) a requirement under section 64B(2) or (5) where the conduct rules concerned are made by the PRA;
(f) a requirement under section 64C(1) to notify the PRA that disciplinary action has been taken].
[(3A) Either the PRA or the FCA is “the appropriate regulator” in the case of a contravention of—
(a) a requirement under section 59(1) or (2) where the authorised person concerned is a PRA-authorised person and the approval concerned falls to be given by the PRA;
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
One of the initial signs of distress is usually a covenant breach by the company. The lenders may agree to a simple waiver, which cures a temporary blip in the company's performance, or it may signal the need for more extensive restructuring to come. It will be crucial to check how often the
NOTE: This Practice Note is being reviewed in light of the changes to CPR 81 that will be introduced by the Civil Procedure (Amendment No 3) Rules 2020, SI 2020/747, which is available here. The changes to CPR 81 involve a substitution of the entirety of CPR 81, which will be renamed ‘Part 81
The roles of nominated officer and money laundering reporting officerA nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7 of the Proceeds of Crime Act 2002 (POCA 2002) or Part III of the Terrorism Act 2000 (TA 2000)—see Requirement to appoint a
The offence of aggravated vehicle-takingA person is guilty of aggravated vehicle taking if:•they take a conveyance without the owner's or other lawful authority's consent for their own or another's use, or•knowing that any conveyance has been taken without such authority, drive it or allow
0330 161 1234