SCHEDULES

SCHEDULE 14Amendments of Part 24 of FSMA 2000: insolvency

2

In section 355 (interpretation of Part 24) at the end of subsection (1) insert—

  • “PRA-regulated person” means a person who—

    1. a

      is or has been a PRA-authorised person,

    2. b

      is or has been an appointed representative whose principal (or one of whose principals) is, or was, a PRA-authorised person, or

    3. c

      is carrying on or has carried on a PRA-regulated activity in contravention of the general prohibition.