Related provisions for IFPRU 8.1.12

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

A firm is not subject to consolidated supervision2 under the rules in this Chapter where any of the following conditions are fulfilled: (1) the firm is included in the supervision on a consolidated basis of the group of which it is a member by a competent authority other than the FCA; or (2) the firm is 2included in the supervision on a consolidated basis of the group of which it is a member by the FCA under MIFIDPRU 2.5 (prudential consolidation)2; or(3) the firm is subject,
A firm need not meet the requirements in rules 14.3.1 and 14.3.2 if: (1) there is no credit institution in the group; (2) no firm in the group deals in investments as principal, except where it is dealing solely as a result of its activity of operating a collective investment scheme2(3) [Deleted](4) the firm notifies the FCA of any serious risk that could undermine the financial stability
GENPRU 3.2.9RRP
If the Part 4A permission of a firm contains a requirement obliging it to comply with this rule with respect to a third-country banking and investment group of which it is a member, it must comply, with respect to that third-country banking and investment group, with the rules in Part 2 of GENPRU 3 Annex 2, as adjusted by Part 3 of that annex.