[339C PRA-authorised persons to which this section applies]
[339C PRA-authorised persons to which this section applies]

[(1)     This section applies to a PRA-authorised person which—

(a)     is a UK institution,

(b)     meets condition A or B,

(c)     is not an insurer or a credit union, and

(d)     is, in the opinion of the PRA, important to the stability of the UK financial system.

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

(3)     Condition B is that—

(a)     the person is an investment firm that has permission under Part 4A to carry on the regulated activity of dealing in investments as principal, and

(b)     when carried on by the person, that activity is a PRA-regulated activity.

(4)     In this section—