Glossary

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Term Definition Legal instruments

UK parent institution

31/12/2020

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.