A1242644P - Financial Services Authority

Conditions
4. This direction is subject to the following conditions:
(1) the firm and the group made up of itself and the subsidiary undertakings
referred to in BIPRU 2.1.7R (the “solo consolidated group”) continue to meet
the minimum standards set out in BIPRU 2.1.19R – BIPRU 2.1.24;
(2) the firm notifies the FSA prior to making any changes to the solo consolidated
group structure that might affect the subsidiary undertakings meeting the
minimum standards above; and
(3) there are no changes to activities of the subsidiary undertakings as at the date
of this direction.
Interpretation
5. Interpretative provisions (including definitions) of the Handbook apply to this
direction in the same way they apply to the Handbook.
Colin Cairns
Waivers Team
Regulatory Transactions Department
Financial Services Authority
The Financial Services Authority
25 The North Colonnade Canary Wharf London E14 5HS, United Kingdom
Telephone +44 (0)20 7066 1000 Fax +44 (0)20 7066 1099
Registered as a Limited Company in England and Wales No 1920623. Registered office as above
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