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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Schedule 6, Part 1E Part 4A permission: conditions for which the PRA is responsible in relation to other PRA-authorised persons (paras. 5A-5F)

Introduction

5A. 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, 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, or

(d) an assumption of risk falling within article 13A of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

Legal status

5B. 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

5C.

(1) If D is a body corporate incorporated in t

Comparing proposed amendment...