banking and investment group
13a group of persons (at least one of which is a UK regulated entity75 that is a credit institution or an investment firm) who:
- (a) form a group in respect of which the consolidated capital adequacy requirements for the banking sector or the investment services sector under the appropriate regulator’s sectoral rules apply.83
- (b) would form such a group if the scope of those sectoral rules were amended as described in paragraph 3.1 of GENPRU 3 Annex 2 23 (removing restrictions relating to place of incorporation or head office of members of those financial sectors).