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means a UK undertaking that is a designated investment firm.
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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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means an activity that is not a regulated activity.
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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 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 an undertaking within the meaning of section 1161(1) of the Companies Act 2006 (meaning of “undertaking” and related expressions).