the FSA’s Authorisation manual.

A firm with FSA permission to effect and carry out insurance contracts (other than a bank). See AUTHORISATION.

A person who has been authorised by the FSA to have a Part IV permission of the FSMA to undertake one or more of the regulated activities. Persons must meet the threshold conditions detailed in the Threshold Conditions Manual. Insurance applicants must be a body corporate excluding limited liability partnerships, registered friendly societies or members of Lloyd’s.

Professional firm that is an authorised person and therefore has a Part IV permission from the FSA to carry on one or more regulated activities. When undertaking non-mainstream regulated activity, APF exemptions apply.

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UK: exemptions The disapplications and modifications of the FSA’s Handbook that apply in respect of APFs when undertaking non-mainstream regulated activity.