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Application provision

1.1 This Part applies to a CRR firm that is a member of a group save that 2.3 applies to an Article 109 undertaking.

1.1

29/12/2020

This Part applies to a CRR firm that is a member of a group save that 2.3 applies to an Article 109 undertaking.

1.2

01/01/2016

This Part does not apply to a firm in relation to the regulated activity of bidding in emissions auctions (article 24A of the Regulated Activities Order) where it is carried on by way of business by a MiFID investment firm (other than a UCITS investment firm, as defined in the FCA Handbook) in relation to a financial instrument.

1.3

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

In this Part, the following definitions shall apply:

group

means, in relation to a person ("A"), A and any person

    1. (1) within the scope of section 421 of the Act;
    2. (2) who has a common management relationship with A;
    3. (3) who has a common management relationship with any person in (1);
    4. (4) who is a subsidiary undertaking of a person in (2) or (3); or
    5. (5) whose omission from an assessment of the risks to A of A's connection to any person coming within (1) to (4) or an assessment of the financial resources available to such persons would be misleading. 

1.4

01/01/2016

Unless otherwise defined in this Part, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.