BIPRU limited activity firm
- (a) it is a firm; and
- (b) its head office is in the United Kingdom and it is not otherwise excluded from the definition of BIPRU firm under BIPRU 1.1.7R (Exclusion of certain types of firm from the definition of BIPRU firm).
23has the meaning in BIPRU 1.1.17R (Types of BIPRU investment firm), which is in summary a limited activity firm that meets the following conditions: