authorised person
A person who is authorised for the purposes of the Financial Services and Markets Act 2000 (FSMA) to carry out regulated activity. This term refers to:
• A person who has a Part IV permission under FSMA to carry on one or more regulated activities.
• An incoming EEA firm (that is a European Economic Area firm qualifying for authorisation under Schedule 3 of FSMA).
• An incoming Treaty firm (that is, an EC Treaty firm qualifying for authorisation under Schedule 4 of FSMA).
• A UCITS qualifier (such as the operators, trustees or depositories of collective investment schemes that are recognised under section 264 of FSMA (recognised schemes) or authorised open ended investment schemes).
• An ICVC (that is, an investment company with variable capital).
• The Society of Lloyd's.
The glossary to the FSA Handbook sets out the full definition of this term. When considering this term in the context of financial services, reference should be made to the FSA Handbook glossary definition of authorised person.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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