(1) The obligation to prepare group accounts in accordance with regulation 7 also applies to a parent company:
(i) which does not itself carry on any material business apart from the acquisition, management and disposal of interests in subsidiaries; and
(ii) whose principal subsidiaries are wholly or mainly credit institutions.
(2) In paragraph (1), the management of interests in subsidiaries includes the provision of services to such subsidiaries and a parent company's principal subsidiaries are those subsidiaries of the company whose results or financial position would principally affect the figures shown in the group accounts.