authorised person | Section 31 of FSMA (as amended by the Act) defines an authorised person as:
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the Bank | The Bank of England |
BoE Act | The Bank of England Act 1998 |
CCA | The Consumer Credit Act 1974 |
EEA firm | Paragraph 5 of Schedule 3 to FSMA defines as EEA firm as:
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An EEA firm must not have its head office (or, in the case of an insurance intermediary, its registered office) in the United Kingdom. | |
Paragraphs 12 to 18 of Schedule 3 to FSMA set out the circumstances in which an EEA firm is authorised to establish a branch or provide services in the UK. | |
FCA | The Financial Conduct Authority |
FOS | The Financial Ombudsman Service |
FPC | The Financial Policy Committee of the Bank of England |
FSA | The Financial Services Authority |
FSCS | The Financial Services Compensation Scheme |
FSMA | The Financial Services and Markets Act 2000 |
OFT | The Office of Fair Trading |
PRA | The Prudential Regulation Authority |
PRA-authorised person | See new section 2B(5) of FSMA (inserted by section 6 of the Act): a PRA-authorised person is an authorised person who has permission to carry on regulated activities which consist of or include one or more PRA-regulated activities (i.e. regulated activities specified in an order made by the Treasury under new section 22A) |
regulated activity | Activity of a kind specified by order made by the Treasury under section 22 of FSMA; see, for example, the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, S.I. 2001/544 |
the regulators | The FCA and the PRA |
Treaty firm | Paragraph 1 of Schedule 4 to FSMA defines a Treaty firm as one whose head office is situated in an EEA State other than the United Kingdom and which is recognised under the law of that State as a national of that State. |
Paragraphs 2 to 3 of that Schedule set out the circumstances in which a Treaty firm is authorised to carry on a regulated activity. | |
the Tribunal | The Upper Tribunal |
UKLA | United Kingdom Listing Authority (the name under which the FSA operates in discharging its functions relating to official listing and other matters under Part 6 of FSMA. |