regulatory system

(1) the arrangements for regulating a firm or other person in or under the Act, including the threshold conditions, the Principles and other rules, the Statements of Principle, codes and guidance, or in or under the CCA, and including any relevant provisions of a an onshored regulation such as those contained in the UK CRR.
(2) in PRIN and in BCOBS in addition to (1), the arrangements for regulating payment service providers and electronic money issuers in or under the Payment Services Regulations and Electronic Money Regulations, including conditions of authorisation or registration set out in those regulations, the Principles and other rules, codes and guidance, including any relevant provisions of an onshored regulation.