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consolidation group

  1. 156
    1. (1) the following:
      1. (a) a conventional group; or
      2. (b) undertakings linked by a consolidation Article 12(1) relationship or (for the purposes of BIPRU) an Article 134 relationship.
      If a parent undertaking or subsidiary undertaking in a conventional group (the first person) has a consolidation Article 12(1) relationship or (for the purposes of BIPRU) an Article 134 relationship with another person (the second person), the second person (and any subsidiary undertaking of the second person) is also a member of the same consolidation group.
    2. (2) (for the purposes of SUP 16) the undertakings included in the scope of prudential consolidation to the extent and in the manner prescribed in Part One, Title II, Chapter 2, Sections 2 and 3 of the EU CRR and IFPRU 8.1.3 R to IFPRU 8.1.4 R (Prudential consolidation) for which the FCA is the consolidating supervisor under article 111 of the CRD.