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group

43(1) (except in relation to an ICVC as defined in section 421 of the Act (Group) (in relation to a person ("A")) A and any person who is:
1. (a) a parent undertaking of A;
1. (b) a subsidiary undertaking of A;
1. (c) a subsidiary undertaking of a parent undertaking of A;
1. (d) a parent undertaking of a subsidiary undertaking of A;
1. (e) an undertaking in which A or an undertaking in (a) to (d) has a participating interest;
1. (f) if A or an undertaking in (a) or (d) is a building society, an associated undertaking of that building society;
1. (g) if A or an undertaking in (a) or (d) is an incorporated friendly society, a body corporate of which that friendly society has joint control (as defined in section 13(9)(c) or (cc) of the Friendly Societies Act 1992); in this definition:
  1. (i) "participating interest" has the same meaning as in Part VII of the Companies Act 1985 or Part VIII of the Companies (Northern Ireland) Order 1986; but also includes an interest held by an individual which would be a participating interest for the purposes of those provisions if he were an undertaking;
  1. (ii) "associated undertaking" has the meaning given in section 119(1) of the Building Societies Act 1986.

(2) (in relation to an ICVC) a group as in (1) but (in ML and SYSC) including also the ICVC's authorised corporate director (if any).(see also immediate group)