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Term Definition Legal instruments

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01/01/2014

THIS DEFINITION ONLY APPLIES TO THE INTERNAL CAPITAL ADEQUACY ASSESSMENT PART

means in relation to a person (“A”), A and any person:

(a) who has relationship with A of the kind specified in s. 421 of FSMA;

(b) who is a member of the same financial conglomerate as A;

(c) who has a Article 12(1) relationship with A;

(d) who has a Article 12(1) relationship with any person who falls into (a); 

(e) who is a subsidiary of a person in (c) or (d);

(f) who is member of the same consolidation group as A; or

(g) whose omission from an assessment of the risks to A of A's connection to any person coming within (a)-(f) or an assessment of the financial resources available to such persons would be misleading.