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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2022 - onwards
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71I. Sections 71B to 71H: interpretation

(1) For the purposes of sections 71B to 71H "relevant firm" means - (a) a bank as defined in section 2 of the Banking Act 2009, (b) a building society as defined in section 119 of the Building Societies Act 1986, or (c) an investment firm as defined in Article 4(1)(2) of the capital requirements regulation.

(2) For the purposes of sections 71C to 71H, "parent undertaking" means an institution, financial holding company or mixed financial holding company which - (a) is incorporated in, or formed under the law of, any part of the United Kingdom, (b) is a UK parent, and (c) either - (i) has a subsidiary which is an institution, or (ii) holds a participation (within the meaning given by Article 4.1(35) of the capital requirements regulation) in an institution.

(3) For the purposes of subsection (2), an institution, financial holding company or mixed financial holding company is a UK parent if it is not itself the subsidiary of an institution, financial holding compa

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