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(in LR) a subsidiary undertaking that represents 25% or more of the aggregate of the gross assets or profits (after deducting all charges except taxation) of the group.
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GENPRU 2.1.40 R (Variable capital requirement for BIPRU firms), GENPRU 2.1.41 R (Base capital resources requirement for BIPRU firms), GENPRU 2.1.48 R (Table: Base capital resources requirement for a BIPRU firm) and, where applicable, GENPRU 2.1.60 R (Calculation of base capital resources requirement for banks authorised before 1993).
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the regulated activity, specified in article 37 of the Regulated Activities Order (Managing investments), which is in summary: managing assets belonging to another person in circumstances which involve the exercise of discretion, if:(a) the assets consist of or include any security or contractually based investment (that is, any designated investment, funeral plan contract or right to or interest in a funeral plan contract); or(b) the arrangements for their management are such that the assets may consist of or include such investments, and either the assets have at any time since 29 April 1988 done so, or the arrangements have at any time (whether before or after that date) been held out as arrangements under which the assets would do so.
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the regulated activity, specified in article 25(2) of the Regulated Activities Order (Arranging deals in investments), which is in summary: making arrangements with a view to a person who participates in the arrangements buying, selling, subscribing for or underwriting any of the following investments (whether as principal or agent):(a) a designated investment; or(b) a funeral plan contract; or(c) the underwriting capacity of a Lloyd's syndicate; or(e) rights to or interests in investments in (b), (c) or (d); or(f) a pure protection contract; or(g) a general insurance contract.
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(in summary) a firm to which MiFID applies including, for some purposes only, a credit institution and UCITS investment firm .(in full) a firm which is:(1) an investment firm with its head office in the EEA (or, if it has a registered office, that office);(2) a BCD credit institution (only when providing an investment service or activity in relation to the rules implementing the Articles referred to in Article 1(2) of MiFID);(3) a UCITS investment firm (only when providing the services referred to in Article 5(3) of the UCITS Directive in relation to the rules implementing the articles of MiFID referred to in Article 5(4) of that Directive);unless, and to the extent that, MiFID does not apply to it as a result of Article 2 (Exemptions) or Article 3 (Optional exemptions) of MiFID.
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(a) an investment which is traded on or under the rules of an exchange;(b) a debt instrument which may be transferred without the consent of the issuer or any other person (including a collateralised mortgage obligation);(c) a commodity;(d) a warrant, option, future or other instrument which entitles the holder to subscribe for or acquire:(ii) any currency; or(iii) any combination of (i) and (ii);(e) a contract for differences (including interest rate and currency swaps) relating to fluctuations in:(ii) any currency; or(iii) the rate of interest in any currency or any index of such rates; or(iv) the level of any index which is derived from the prices of an investment or commodity in (a) to (c); or(v) any combination of (i) to (iv);