PRU 8.5.2

(1) An Authorised Person in Category 3A, 3B, 3C or 4 must not, subject to (2), be a Parent of an entity that:
(a) is an Authorised Person in Category 1 or 5 or an Insurer; or
(b) carries on activities that would, if conducted in the ADGM, constitute Accepting Deposits or Managing a Profit Sharing Investment Account which is a PSIAu.
(2) An Authorised Person in Category 3A, 3B, 3C or 4 may own or control an entity referred to in (1) where it is itself a Subsidiary of:
(a) a Financial Institution with a Financial Services Permission to carry on any one or more of the activities specified in (1)(b); or
(b) an Authorised Person in Category 1 or 5 or an Insurer.