subsidiary
- 120
- (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.
- (2) (in relation to MiFID business, other than for the purposes of MIFIDPRU, SYSC 19G (MIFIDPRU Remuneration Code) and the definition of an investment firm group205) 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.
- (3) (for the purposes of MIFIDPRU, SYSC 19G (MIFIDPRU Remuneration Code) and in the definition of an investment firm group) an undertaking which is a subsidiary undertaking under section 1162 of the Companies Act 2006, read with Schedule 7 to that Act.205180.