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  2. Point in time
    2020-01-13

UK regulated EEA financial conglomerate

    98a financial conglomerate (other than a third-country financial conglomerate) that satisfies one of the following conditions:

      1. (a) 49GENPRU 3.1.29 R (Capital adequacy calculations for financial conglomerates) applies with respect to it; or
      1. (b) a firm that is a member of that financial conglomerate is subject to obligations imposed through its Part 4A 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.