Status: You are viewing the version of the handbook as on 2016-10-03.

subsidiary

      1. 119
        1. (1) (except in relation to MiFID business) (as defined in section 1159(1) of the Companies Act 2006 (Meaning of "subsidiary", etc)) (in relation to another body corporate ("H")) a body corporate of which H is a holding company.
        1. (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.
        1. (3) (for the purpose of IFPRU) has the meaning in article 4(1)(16) of the EU CRR.
        [Note: article 4 (1)(29) of MiFID]