Content Options

Content Options

View Options

Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

subsidiary

      1. 120
        1. (1) (except in relation to MiFID business) (as defined in section 1159(1) of the Companies Act 2006 (Meaning of "subsidiary", etc)) (in relation to another body corporate ("H")) a body corporate of which H is a holding company.
        1. (2) (in relation to MiFID business) a subsidiary undertaking within the meaning of article 2(10) and article 22 of the Accounting Directive161, including any subsidiary of a subsidiary undertaking of an ultimate parent undertaking.
        1. (3) (for the purpose of IFPRU) has the meaning in article 4(1)(16) of the UK CRR180.
        [Note: article 4 (1)(33)161 of MiFID]