Guidance

SoP – Designation of investment firms for prudential supervision by the Prudential Regulation Authority

Chapter

Introduction

Printed on: 06/11/2024

Rulebook at: 01/01/2022

1

Introduction

1.1

This statement of policy is issued under article 8 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 as amended[1] (the PRA-regulated Activities Order).

  • 1. Part 3, Section 15 of The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021, which amends the PRA-regulated Activities Order, has been made by HM Treasury in exercise of the powers conferred by sections 22A and 428(3) of the Financial Services and Markets Act 2000. In accordance with section 22B(2)(a) and (3)(a) FSMA a draft of this Order was laid before Parliament and approved by a resolution of each House.
  • 01/01/2022