"on a consolidated basis" means on the basis of the consolidated situation;
"consolidated situation" means the situation that results from an entity being treated, for the purposes of the capital requirements regulation or CRR rules (as appropriate), as if that entity and one or more other entities formed a single entity;
"designated investment firm" means an investment firm which is for the time being designated by the PRA under article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 [S.I. 2013/556.];
"Directive 2013/36/EU UK law" means - (a) before IP completion day, the law of the United Kingdom which is relied on by the United Kingdom to implement the capital requirements directive and its implementing measures ("the relevant EU provisions"); and (b) after IP completion day, the law of the United Kingdom which was relied on immediately before that date to implement the relevant EU provisions as it has effect
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