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has the meaning given in Allocation of Responsibilities 6.
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means all expenses, other than commission, incurred in the administration of a firm or its business.
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The changes to this defined term are effective from 23:00 on 31/12/2020.
means a parent undertaking other than a regulated entity, which together with its subsidiaries, at least one of which is a regulated entity which has its head office in the UK, and other entities constitutes a financial conglomerate.
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has the meaning given in point (22) of Article 4(1) of the CRR.