If the person concerned (“D”) carries on, or is seeking to carry on, PRA-regulated activities which do not consist of or include a regulated activity relating to—
(a) the effecting or carrying out of contracts of insurance,
(b) managing the underwriting capacity of a Lloyd's syndicate as a managing agent at Lloyds, . . .
(c) arranging, by the Society, of deals in contracts of insurance written at Lloyd's, [or]
[(d) an assumption of risk falling within article 13A of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001,]
the threshold conditions which are relevant to the discharge by the PRA of its functions in relation to D are the conditions set out in paragraphs 5B to 5F.
If D carries on or is seeking to carry on a regulated activity which consists of or includes accepting deposits or issuing electronic money, D must be—
(a) a body corporate, or
(b) a partnership.
Location of offices
(1) If D is a body corporate incorporated in the United Kingdom—
(a) D's head office, and
(b) if D has a registered office, that office,
must be in the United Kingdom.
(2) If D is not a body corporate but D's head office is in the United Kingdom, D must carry on business in the United Kingdom.
Business to be conducted in a p
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