UK lead regulated firm
- (a) is not part of a group that is subject to consolidated supervision by the FSA or any other regulatory body; or
- (c) Consolidated supervision of a group of persons means supervision of the adequacy of financial and other resources of that group on a consolidated basis. For example, this includes supervision under BIPRU 8 (Group risk consolidation).
- (d) It is not relevant whether or not any supervision by another regulatory body has been assessed as equivalent under the CRD or the Financial Groups Directive.
For the purposes of this definition:
This definition is not related to the defined term lead regulated firm.