means:
(a) a parent undertaking within the meaning of section 1162 of the Companies Act 2006; or
(b) for the purposes of Directive 2013/36/EU UK law which implemented Section II of Chapters 3 and 4 of Title 7 and Title 8, and for the purposes of Part 5 of this Regulation -
(i) a parent undertaking within the meaning of section 1162 of the Companies Act 2006, apart from the meaning given in subsection (4), or
(ii) an undertaking which effectively exercises a dominant influence over another undertaking;
where section 1162(5) of the Companies Act 2006 applies to parent undertakings falling within point (b)(ii) as it applies to parent undertakings falling within section 1162 [2006 c. 46.]