Designated investment firm

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

Other resource

• PRA designated firms list