Designated investment firm: Difference between revisions
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Latest revision as of 20:09, 29 June 2022
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'.
- Investment bank
- Price discovery
- Proprietary trading
- Prudential Regulation Authority