Section 125(2)

In this Chapter— ... “group entity” includes an undertaking which is— a parent undertaking of the UK parent undertaking; and 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; “group institution” means— the UK parent undertaking, if it is a relevant institution; a group subsidiary which is a relevant institution; a group entity, other than an institution, which is— required under article 139 ... to maintain a minimum requirement for own funds and eligible liabilities; ... ... where the group resolution plan does not provide for the separate resolution of a subsidiary set up in a third country, that subsidiary if it would be a relevant institution if it were set up in the UK; “minimum consolidated requirement” means the requirement for a minimum level of own funds and eligible liabilities of the group institutions , including any transitional minimum consolidated requirement of the group institutions in accordance with article 126(2C) ...; “minimum requirement”, in relation to a group institution, means a minimum requirement for own funds and eligible liabilities , including any transitional minimum requirement in accordance with article 135(2C) ...; and “netting arrangement”— in relation to an institution authorised by the PRA or FCA, means a title transfer collateral arrangement, set-off arrangement or netting arrangement (within the meaning given by section 48(1)(b), (c) and (d) of the Banking Act 2009); ...

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