Section A49(13)

In this section— “the appropriate regulator” means— where the regulated company is a PRA-regulated company, each of the Financial Conduct Authority and the Prudential Regulation Authority, and where the regulated company is not a PRA-regulated company, the Financial Conduct Authority; “PRA-authorised person” has the meaning given by section 2B(5) of the Financial Services and Markets Act 2000; “PRA-regulated company” means a regulated company which— is, or has been, a PRA-authorised person, is, or has been, an appointed representative within the meaning given by section 39 of the Financial Services and Markets Act 2000, whose principal (or one of whose principals) is, or was, a PRA-authorised person, or is carrying on, or has carried on, a PRA-regulated activity (within the meaning of section 22A of that Act) in contravention of the general prohibition; “regulated activity” has the meaning given by section 22 of the Financial Services and Markets Act 2000, taken with Schedule 2 to that Act and any order under that section; “regulated company” means a company which— is, or has been, an authorised person within the meaning given by section 31 of the Financial Services and Markets Act 2000, is, or has been, an appointed representative within the meaning given by section 39 of that Act, or is carrying on, or has carried on, a regulated activity in contravention of the general prohibition within the meaning given by section 19 of that Act; “regulator” means the Financial Conduct Authority or the Prudential Regulation Authority.

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Source: legislation.gov.uk · retrieved 2026-09-04