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investment firm group

      1. 180(1) (in MIFIDPRU 2.4 and any provision that refers to a group to which MIFIDPRU 2.5 applies) a group of undertakings that:
        1. (a) consists of a parent undertaking (including an undertaking that is deemed to be a parent undertaking for the purposes of MIFIDPRU 2.5) that is incorporated in the UK or has its principal place of business in the UK (or, in the case of a UK parent investment firm, has its registered office, or if it has no registered office, its head office in the UK) and:
          1. (i) the subsidiaries and connected undertakings of that parent undertaking; and
          1. (ii) the connected undertakings of the subsidiaries of that parent undertaking;
        1. (b) includes at least one MIFIDPRU investment firm; and
        1. (c) does not include a subsidiary which is a UK credit institution.
      1. (2) (in any provision that refers to a group to which MIFIDPRU 2.6 applies) a group of undertakings that:
        1. (a) consists of a parent undertaking that is incorporated in the UK or has its principal place of business in the UK (or, in the case of a UK parent investment firm, has its registered office, or if it has no registered office, its head office in the UK) and its:
          1. (i) subsidiaries; and
          1. (ii) connected undertakings in which it holds a participation in accordance with MIFIDPRU 2.4.15R;
        1. (b) includes at least one MIFIDPRU investment firm; and
        1. (c) does not include a subsidiary which is a UK credit institution.