Related provisions for BIPRU 8.3.19
1 - 9 of 9 items.
Having identified potential non-UK sub-groups5 for each third country investment services undertaking4 in its UK consolidation group the firm should then eliminate overlapping potential non-UK sub-groups5 in the following way. If:4(1) one potential non-UK sub-group5 is 1contained within a wider potential non-EEA sub-group5; and(2) the third country investment services undertaking4 in the two potential non-UK sub-groups5 are the same;4then the smaller potential non-UK sub-group5
Although an undertaking falling outside BIPRU 8.5.1 R will not be included in a UK consolidation group or non-UK sub-group6 it may be relevant in deciding whether one undertaking in the banking sector or the investment services sector is a subsidiary undertaking of another with the result that they should be included in the same UK consolidation group or non-UK sub-group6.