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subsidiary

  1. (1) (except in relation to MiFID business) (as defined in section 736of the Companies Act 1985 ("Subsidiary", "holding company" and "wholly-owned subsidiary")) (in relation to another body corporate ("H")) a body corporate of which H is a holding company.49
  2. (2) (in relation to MiFID business) a subsidiary undertaking as defined in Articles 1 and 2 of Seventh Council Directive on consolidated accounts (No. 83/349/EEC), including any subsidiary of a subsidiary undertaking of an ultimate parent undertaking.49

[Note: article 4 (1)(29) of MiFID]49