[192P Requirement for approval]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[Approval]

[192P  Requirement for approval]

[(1)     No company may be established in the United Kingdom as a parent financial holding company or a parent mixed financial holding company unless—

(a)     the company is approved by the PRA;

(b)     the PRA has confirmed that the company is exempt from the requirement for approval under subsection (2); or

(c)     the subsidiary undertakings of the company do not include—

(i)     a credit institution, or

(ii)     a designated investment firm.

(2)     A company

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