Commentary Miscellaneous amendments of FSMA 2000 Section 48: Interpretation of FSMA 2000
500.Subsection (1) amends section 417 of FSMA (definitions). In particular, definitions of “the FCA”, “Part 4A permission”, “the PRA”, “PRA-authorised person” and “PRA-regulated activity” are inserted. Subsection (2) inserts new section 421ZA which provides a definition of “immediate group”. Subsection (3) inserts a new section 425C which defines “qualifying EU provision”.