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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).
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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, for the purposes of determining the SCR using the standard formula, the replacement of a subset of parameters used in the life underwriting risk module, non-life underwriting risk module or health underwriting risk module with parameters specific to a firm.
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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.