EEA financial parent undertaking
5(in ELM) (in relation to an ELMI) the highest undertaking in the ELMI's group that:
- (a) is a relevant financial services company or a financial holding company;
- (b) is formed under the law of another EEA State; and
- (c) is a parent undertaking of the ELMI;
as established in accordance with ELM 7 (Consolidated financial supervision).