Section 192P(1)

No company may be established in the United Kingdom as a parent financial holding company or a parent mixed financial holding company unless— the company is approved by the PRA; the PRA has confirmed that the company is exempt from the requirement for approval under subsection (2); or the subsidiary undertakings of the company do not include— a credit institution, or a designated investment firm.

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Source: legislation.gov.uk · retrieved 2026-09-04