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FCA Handbook
Glossary
consolidation group

You are viewing the version of the document as on 2021-05-14.

consolidation group

156
1. (1) the following:
  1. (a) a conventional group; or
  1. (b) undertakings linked by a consolidation Article 12(1) relationship or either of192 (for the purposes of BIPRU) an Article 134 relationship or an article 18(6) relationship 192.
  If a parent undertaking or subsidiary undertaking in a conventional group (the first person) has a consolidation Article 12(1) relationship or either of192 (for the purposes of BIPRU) an Article 134 relationship or an article 18(6) relationship192 with another person (the second person), the second person (and any subsidiary undertaking of the second person) is also a member of the same consolidation group.
1. (2) (for the purposes of SUP 16) the undertakings included in the scope of prudential consolidation to the extent and in the manner prescribed in Part One, Title II, Chapter 2, Sections 2 and 3 of the UK CRR 230 and IFPRU 8.1.3 R to IFPRU 8.1.4 R (Prudential consolidation) for which the FCA is the consolidating supervisor under article 4B of the UK CRR 230.