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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.

holding company

    (as defined in section 1159(1) 16of the Companies Act 2006 (Meaning of "subsidiary" etc) 16(in relation to another body corporate ("S")) a body corporate which:

      1. (a) holds a majority of the voting rights in S; or
      1. (b) is a member of S and has the right to appoint or remove a majority of its board of directors; or
      1. (c) is a member of S and controls alone, under an agreement with other shareholders and members, a majority of the voting rights in S.1