Related provisions for IPRU-INV 5.3.1

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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 UK CRR3.
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) [deleted]5(b) either: (i) is a MiFID investment firm5; or(ii) is an investment management firm to which IPRU(INV) 5 applies; and(c) satisfies the non-bank