FSA regulated EEA financial conglomerate
9a financial conglomerate (other than a third-country financial conglomerate) that satisfies one of the following conditions:
- (a) 23GENPRU 3.1.26 or GENPRU 3.1.2923 (Capital adequacy calculations for financial conglomerates) applies with respect to it; or
- (b) a firm that is a member of that financial conglomerate is subject to obligations imposed through its Part IV permission to ensure that financial conglomerate meets levels of capital adequacy based or stated to be based on Annex I of the Financial Groups Directive.