Section 192P(2)

A company is exempt from the requirement for approval if— and all of the conditions in subsection (3) are satisfied. it is a parent financial holding company and its principal activity is to acquire holdings in subsidiary undertakings; or it is a parent mixed financial holding company and its principal activity with respect to institutions and financial institutions is to acquire holdings in subsidiary undertakings,

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