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Annex E Prudential — Investment, Insurance Intermediation and Banking Business Module (PIB)

Category 3

1.3.3

An Authorised Firm:

(a) whose Licence authorises it to carry on one or more of the Financial Services of Dealing in Investments as Agent, Managing Assets, Operating a Collective Investment Fund, Providing Custody or Providing Trust Services; and
(b) does not meet the criteria of Categories 1, 2 or 5;

is in Category 3.

[Amended][VER2/08-05]

Guidance

A Category 3 Authorised Firm may be authorised to conduct other Financial Services but it is the authorisation for Dealing in Investments as Agent, Managing Assets, Operating a Collective Investment Fund or Providing Custody, and the absence of authorisation for the activities specified in Rules 1.3.1 and 1.3.2 that are determinative of it as belonging to Category 3.

Table 1 — Categorisation of Authorised Firms

Table 1