The Role of Head Office in the UK Regulations

When an international firm becomes authorized the whole firm benefits from the permission granted search that the services can be provided in the UK on a cross-border basis. We have seen a number of firms that are authorized as branches in the UK using their permissions to provide the same or sometimes different but related services from head office and this does raise some tricky questions. The other area which sometimes can get quite confusing is client money so where there is for example clients money or even securities being held let's say by head office but in relation to regulated activity that's being done in the UK okay thanks florida could you comment from any you perspective?