qualifying parent undertaking

25has the meaning in section 192B (meaning of "qualifying parent undertaking") of the Act which, in summary, is a parent undertaking of:

1. (a) an authorised person that is a body corporate incorporated in the UK 26that26 is:
   1. (i) a PRA-authorised person; or
   2. (ii) an investment firm; or
2. (b) a recognised investment exchange that is not an overseas investment exchange;

where the parent undertaking is:

1. (c) a body corporate which:
   1. (i) is incorporated in the UK; or
   2. (ii) has a place of business in the UK;
2. (d) not an authorised person, a recognised investment exchange or a recognised clearing house; and
3. (e) any of the following:
   1. (i) an insurance holding company;
   2. (ii) a financial holding company;
   3. (iii) a mixed financial holding company;
   4. (iv) for certain purposes, a mixed-activity holding company.