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Status: You are viewing the version of the handbook as on 2009-03-31.

ELM 7.4 Scope of consolidation

ELM 7.4.2R

A firm has no EEA consolidated group if the firm would be its only member or if it has no EEA financial parent undertaking.

ELM 7.4.3R
ELM 7.4.4R

A firm has no UK consolidated group if the firm would be its only member.

ELM 7.4.5R

A firm, having given prior notice to the FSA, may exclude from its EEA consolidated group or UK consolidated group for the purposes of this chapter:

  1. (1)

    an undertaking, the total assets of which; or

  2. (2)

    two or more undertakings, the total of whose assets added together;

are less than the smaller of 10 million euro and 1% of the total assets of the firm.