Section 71D(5)

For the purposes of this section— “relevant requirement” has the meaning given in section 204A; a deterioration in the financial situation of the relevant firm or the parent undertaking is significant if— in the case of a relevant firm, or a parent undertaking which is an authorised person, it no longer satisfies, or is likely to fail to satisfy, the threshold conditions relating to its financial resources which apply to it under Schedule 6; in the case of a parent undertaking which is not an authorised person, the deterioration threatens the viability of the parent undertaking.

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