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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 125 Application and interpretation of Chapter 2

(1) This Chapter applies where the PRA or FCA is the consolidating supervisor in relation to a relevant group.

(2) In this Chapter -

"group entity" includes an undertaking which is - (a) a parent undertaking of the UK parent undertaking; and (b) a mixed activity holding company which has at least one subsidiary which - (i) is an institution; and (ii) is not a subsidiary of a financial holding company which is also a subsidiary of the mixed activity holding company;

"group institution" means - (a) the UK parent undertaking, if it is a relevant institution; (b) a group subsidiary which is a relevant institution; (c) a group entity, other than an institution, which is - (i) required under article 139 to maintain a minimum requirement for own funds and eligible liabilities; (ii) [deleted] (d) where the group resolution plan does not provide for the separate resolution [For the meaning of "resolution" see the recovery and resolution directive, Article

Comparing proposed amendment...