Broker-dealer: Difference between revisions

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(Updated list of designated investment firms at December 2016. Source: Bank of England http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx)
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As at December 2016, the PRA recognised eight designated investment firms:
As at January 2022, the PRA recognised eight designated investment firms:


*Barclays Capital Securities Limited
*Barclays Capital Securities Limited
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* [[Dealer]]
* [[Dealer]]
* [[Designated investment firm]]
* [[Designated investment firm]]
* [[Interdealer broker]]
* [[Investment bank]]
* [[Investment bank]]
* [[Price discovery]]
* [[Price discovery]]
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* [[Prudential Regulation Authority]]
* [[Prudential Regulation Authority]]
* [[SMF participant]]
* [[SMF participant]]
==External link==
*[https://www.bankofengland.co.uk/prudential-regulation/authorisations/which-firms-does-the-pra-regulate Investment firms we regulate - Prudential Regulation Authority]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_reporting]]
[[Category:Risk_frameworks]]
[[Category:The_business_context]]

Latest revision as of 15:04, 5 June 2024

A market participant which undertakes proprietary trading, as well as acting as an intermediary.


In the UK, the term 'broker-dealer' is often used interchangeably with a 'designated investment firm' as recognised by the Prudential Regulation Authority (PRA).


As at January 2022, the PRA recognised eight designated investment firms:

  • Barclays Capital Securities Limited
  • Citigroup Global Markets Limited
  • Credit Suisse Securities (Europe) Ltd
  • Goldman Sachs International
  • Merrill Lynch International
  • MUFG Securities EMEA plc
  • Morgan Stanley & Co. International Plc
  • Nomura International Plc


See also


External link