This Chapter applies where a third-country institution [For the meaning of "third-country institution", "third-country parent undertaking" and "Union subsidiary" see the recovery and resolution directive, Article 2.1, points (86), (87) and (84).] or third-country parent undertaking has -
(a) set up a Union subsidiary or a Union parent undertaking in the United Kingdom and at least one other EEA State; or
(b) established significant branches in the United Kingdom and at least one other EEA State.