Designated investment firm: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England webpage http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx) |
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*Meets minimum amount capital requirements; and | *Meets minimum amount capital requirements; and | ||
*Qualifies under the PRA’s designation criteria. | *Qualifies under the PRA’s designation criteria. | ||
The term 'designated investment firm' is sometimes used interchangeably with 'broker-dealer'. | |||
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* [[Prudential Regulation Authority]] | * [[Prudential Regulation Authority]] | ||
Revision as of 11:53, 18 August 2016
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
