Section 142L(4)

A parent undertaking of a ring-fenced body by reference to which the group restructuring powers are exercisable is for the purposes of this Part a “qualifying parent undertaking” if— it is a body corporate which is incorporated in the United Kingdom and has a place of business in the United Kingdom, and it is not itself an authorised person.

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