Authorised Firm in Category 3A, 3B, 3C, 3D or 4 must not, subject to (2), be a Parent of an entity that:
(a) is an
Authorised Firm in Category 1 or 5 or an Insurer; or
(b) carries on activities that would, if conducted in the
DIFC, constitute Accepting Deposits, Managing a PSIA which is a PSIAu, or Effecting or Carrying out Contracts of Insurance.
Authorised Firm in Category 3A, 3B, 3C, 3D or 4 may own or control an entity referred to in (1) where it is itself a Subsidiary of:
Regulated Financial Institution licensed to carry on any one or more of the activities specified in (1)(b); or
Authorised Firm in Category 1 or 5 or an Insurer.