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Version date: 31 December 2020 - onwards
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Schedule 6, Part 1B Part 4A permission: authorised persons who are not PRA-authorised persons (paras. 2A-2G)

Introduction

2A. If the person concerned ("A") carries on, or is seeking to carry on, regulated activities which do not consist of or include a PRA-regulated activity, the threshold conditions that are relevant to the discharge by the FCA of its functions in relation to A are the conditions set out in paragraphs 2B to 2F.

Location of offices

2B.

(1) Unless sub-paragraph (3), (4)(a) or (7) applies, if A is a body corporate incorporated in the United Kingdom -

(a) A's head office, and

(b) if A has a registered office, that office,

must be in the United Kingdom.

(2) If A is not a body corporate but A's head office is in the United Kingdom, Amust carry on business in the United Kingdom.

(3) If -

(a) A is seeking to carry on, or is carrying on, a regulated activity which is any of the investment services and activities,

(b) A is a body corporate with no registered office, and

(c) A's head office is in the United Kingdom,

A must carry on business in the United Kingdom.

(4) If A is seeking to

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