Related provisions for IPRU-INV 5.3.1

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

For a firm that has a Part 4A permission for acting as trustee or depositary of a UK UCITS2, own funds has the meaning in article 4(1)(118) of the EU CRR.
2An authorised fund manager must ensure that the depositary it appoints under COLL 6.6A.7R is a firmestablished in the United Kingdom that has the Part 4A permission of acting as trustee or depositary of a UK UCITS4 and is one of the following:(1) a national central bank; or(2) a credit institution; or(3) a firm which: (a) has own funds of not less than the higher of: (i) the requirement calculated in accordance with articles 315 or 317 of the UK CRR4; or(ii) £4million; and(b)