Section 421(1)

In this Act “group”, in relation to a person (“A”), means A and any person who is— a parent undertaking of A; a subsidiary undertaking of A; a subsidiary undertaking of a parent undertaking of A; a parent undertaking of a subsidiary undertaking of A; an undertaking in which A or an undertaking mentioned in paragraph (a), (b), (c) or (d) has a participating interest; if A or an undertaking mentioned in paragraph (a) or (d) is a building society, an associated undertaking of the society; or if A or an undertaking mentioned in paragraph (a) or (d) is an incorporated friendly society, a body corporate of which the society has joint control (within the meaning of section 13(9)(c) or (cc) of the Friendly Societies Act 1992).

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