Designated investment firm: Difference between revisions
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[http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx PRA designated firms list] | *[http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx PRA designated firms list] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
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Latest revision as of 13:07, 24 December 2024
Bank regulation and supervision.
In the UK, the Prudential Regulation Authority (PRA) defines a designated investment firm as one which:
- Has, or has applied for, permission to deal in investments as principal; and
- Meets minimum amount capital requirements; and
- Qualifies under the PRA’s designation criteria.
The term 'designated investment firm' is sometimes used interchangeably with 'broker-dealer'.
See also
- Broker
- Broker-dealer
- Dealer
- Investment bank
- Price discovery
- Principal
- Proprietary trading
- Prudential Regulation Authority
