Prudential Regulation Authority Rulebook

3.1

3.1A

A MiFID investment firm must extend the arrangements required by the Article 24 Audit Requirements so they apply with respect to other matters on the following basis:

1. (1) references to “investment services and activities” are financial services and activities;
2. (2) references to “relevant persons” are references to relevant persons; and
3. (3) references to “Article 25(2)” are references to General Organisational Requirements 4.1A.

3.2

A firm that is not a MiFID investment firm must comply with the Article 24 Audit Requirements on the basis set out in 3.1A and as if references to “investment firm” refer to a firm.