Schedule 3, Part 3, paragraph 11(2)

In article 1(2) (interpretation)— for the definition of “financial holding company” substitute— “financial holding company” has the meaning given by Article 4(1)(20) of the capital requirements regulation; for the definition of “financial institution” substitute— “financial institution” has the meaning given by Article 4(1)(26) of the capital requirements regulation; after the definition of “insurance undertaking” insert— “investment firm” has the meaning given by Article 4(1)(2) of the capital requirements regulation; “mixed activity holding company” means a parent undertaking which— is not a credit institution, an investment firm, a financial holding company or a mixed financial holding company; and has at least one subsidiary which is a credit institution or an investment firm; after the definition of “reinsurance undertaking” insert— “relevant MAHC” means a mixed activity holding company which has at least one subsidiary which— is an institution; and is not a subsidiary of a financial holding company which is also a subsidiary of the mixed activity holding company;

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