Section 410A(8)

“Relevant persons” means— in the case of a direction given to the PRA, PRA-authorised persons; in the case of a direction given to the FCA, authorised persons and recognised investment exchanges who (in either case) are not PRA-authorised persons; in the case of a direction given to the Bank of England, recognised clearing houses and recognised CSDs, other than those falling within paragraph (a) or (b).

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