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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.
    2. (2) (in relation to MiFID business, other than for the purposes of MIFIDPRU, SYSC 19G (MIFIDPRU Remuneration Code) and the definition of an investment firm group205) 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.
    3. (3) (for the purposes of MIFIDPRU, SYSC 19G (MIFIDPRU Remuneration Code) and in the definition of an investment firm group) an undertaking which is a subsidiary undertaking under section 1162 of the Companies Act 2006, read with Schedule 7 to that Act.205180.
    [Note: article 4 (1)(33)161 of MiFID]