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Term Definition Legal instruments

UK-regulated EEA financial conglomerate

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE FINANCIAL CONGLOMERATES PART

means a financial conglomerate other than a third country financial conglomerate that satisfies one of the following conditions:

(1) 3.3 applies with respect to it; or

(2) a firm that is a member of that financial conglomerate is subject to obligations imposed through its Part 4A permission or section 55M of FSMA to ensure that the financial conglomerate meets levels of capital adequacy based on or stated to be based on Annex I of the Financial Groups Directive.