CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

FCA 2013/xx
definitions).
financial holding
company
(1) (except in BIPRU) a financial institution that fulfils the
following conditions:
…
(2) (in BIPRU (except in (3)) a financial institution that fulfils
the following conditions:
(a)
(b)
(c)
its subsidiary undertakings are exclusively or mainly
CAD investment firms or financial institutions;
at least one of those subsidiary undertakings is a
CAD investment firm; and
it is not a mixed financial holding company.
(3) (in IFPRU and BIPRU 12 (Liquidity standards)) has the
meaning in article 4(1)(20) of the EU CRR.
financial institution
…
(2) for the purposes of GENPRU, BIPRU (except in (3)) and
INSPRU and in accordance with Article 1(3) (Scope) and
4(5) (Definitions) of the Banking Consolidation Directive)
the following:
(a)
an undertaking, other than a credit institution or an
investment firm, the principal activity of which is to
acquire holdings or to carry out one or more of the
listed activities provided for in Sections A and B of
Annex I of the MiFID when referring to the
financial instruments provided in Section C of
Annex I of that Directive;
…
(3) (in IFPRU, GENPRU 3 (Cross sector groups) and BIPRU
12 (Liquidity standards)) has the meaning in article 4(1)(26)
of the EU CRR.
(4) (for the purposes of consolidated requirements in IFPRU
and in accordance with article 2(6) of CRD) the following:
(a)
(b)
financial institutions within the meaning in article
4(1)(26) of the EU CRR; and
those institutions permanently excluded by article
2(5) of CRD (Scope) with the exception of the
ESCB central banks as defined in article 4(1)(45) of
the EU CRR.
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