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Quantitative Finance · Glossary

What is Regulatory perimeter, authorisation?

Also known as: regulatory perimeter · authorisation

Definition 17.1 The Desk and the Firm · Chapter 17 — Regulators and Licences

The regulatory perimeter of a jurisdiction is the boundary between the activities that require permission from a regulator and those that do not, drawn by the legislation’s definitions of regulated activities and its exemptions. Authorisation is the permission, granted by a regulator on application, to carry on specified regulated activities, with the conditions, capital and supervision that go with it.

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