Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-05-21.

investment firm group

  1. 180(1) (in MIFIDPRU 2.4 and any provision that refers to a group to which MIFIDPRU 2.5 applies) a group of undertakings that:
    1. (a) consists of a parent undertaking (including an undertaking that is deemed to be a parent undertaking for the purposes of MIFIDPRU 2.5) that is incorporated in the UK or has its principal place of business in the UK (or, in the case of a UK parent investment firm, has its registered office, or if it has no registered office, its head office in the UK) and:
      1. (i) the subsidiaries and connected undertakings of that parent undertaking; and
      2. (ii) the connected undertakings of the subsidiaries of that parent undertaking;
    2. (b) includes at least one MIFIDPRU investment firm; and
    3. (c) does not include a subsidiary which is a UK credit institution.
  2. (2) (in any provision that refers to a group to which MIFIDPRU 2.6 applies) a group of undertakings that:
    1. (a) consists of a parent undertaking that is incorporated in the UK or has its principal place of business in the UK (or, in the case of a UK parent investment firm, has its registered office, or if it has no registered office, its head office in the UK) and its:
      1. (i) subsidiaries; and
      2. (ii) connected undertakings in which it holds a participation in accordance with MIFIDPRU 2.4.15R;
    2. (b) includes at least one MIFIDPRU investment firm; and
    3. (c) does not include a subsidiary which is a UK credit institution.