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means a third country branch undertaking that has made a deposit in the UK under Article 162(2)(e) of the Solvency II Directive in accordance with Article 167 of the Solvency II Directive.
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This defined term is effective from 23:00 on 31/12/2020.
means a parent institution authorised in the UK which has an institution or financial institution as subsidiary or which holds a participation in such an institution or financial institution, and which is not itself a subsidiary of another institution authorised in the UK or of a financial holding company or mixed financial holding company set up in the UK.
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This defined term is effective from 23:00 on 31/12/2020.
means a mixed financial holding company in the UK which is not itself a subsidiary of an institution authorised in the UK, or of a financial holding company firm or mixed financial holding company set up in the UK.
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This defined term is effective from 23:00 on 31/12/2020.
has the meaning given to it in section 474(1) of the Companies Act 2006.
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has the meaning given in Insurance General Application 2.
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The changes to this defined term are effective from 23:00 on 31/12/2020.
(1) has the meaning given in paragraph 10 of Schedule 3 to FSMA (EEA Passport Rights);
(2) in the Depositor Protection part and Policyholder Protection part, means an authorised person who:
(a) has permission given under Part 4A of FSMA to carry on regulated activities that consist of or include one or more PRA-regulated activities; and
(b) is incorporated in the UK.
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means an undertaking with a Part 4A permission to carry on the regulated activity of insurance risk transformation.
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This defined term is effective from 23:00 on 31/12/2020.
means a financial holding company firm in the UK which is not itself a subsidiary of an institution authorised in the UK, or of a financial holding company firm or mixed financial holding company set up in the UK.
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This defined term is effective from 23:00 on 31/12/2020.
means a UK parent institution, a UK parent financial holding company or a UK parent mixed financial holding company.
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means an undertaking within the meaning of section 1161(1) of the Companies Act 2006 (meaning of “undertaking” and related expressions) whose registered office or, if the undertaking does not have a registered office, whose head office is in any part of the UK.
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means a UK undertaking that has permission under Part 4A of FSMA to carry on the regulated activity of accepting deposits and is a credit institution, but is not a credit union, friendly society or a building society.
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means a UK undertaking that is a designated investment firm.