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Timeline guidance

subsidiary

      1. 120
        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 within the meaning of article 2(10) and article 22 of the Accounting Directive161, 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 UK CRR180.
        [Note: article 4 (1)(33)161 of MiFID]