recognised third country credit institution

46a full BCD credit institution that satisfies the following conditions:

1. (a) its head office is outside the EEA;
1. (b) it is authorised by a third country competent authority in the state or territory in which the credit institution's head office is located;
1. (c) that third country competent authority is named in Part 1 of BIPRU 8 Annex 6 (Non-EEA banking regulators' requirements deemed CRD-equivalent for individual risks); and
1. (d) there is a tick against that third country competent authority in each of the columns headed "Market risk", "Credit risk" and "Operational Risk" in the table referred to in (c).