Section 192JA

The appropriate regulator may make such rules applying to bodies corporate falling within subsection (2) as appear to the regulator to be necessary or expedient for the group ring-fencing purposes. A body corporate falls within this subsection if— it is incorporated in the United Kingdom or has a place of business in the United Kingdom, it is a parent undertaking of a ring-fenced body, and it is not itself an authorised person. The “group ring-fencing purposes” are the purposes set out in section 142H(4). “The appropriate regulator” means— in relation to the parent undertaking of a ring-fenced body that is a PRA-authorised person, the PRA; in any other case, the FCA.

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