Paragraph 1 UndertakingsF1

in relation to an undertaking, “group” means those undertakings which are group undertakings in respect of each other;

“group undertaking” has the meaning given by section 1161(5) of the Companies Act 2006 M1 but where “undertaking” has the meaning given in this Order;

“highest parent undertaking” is the undertaking in the group which is not a subsidiary of any other undertaking in the group;

“member” in relation to group undertakings means an undertaking which is part of a group;

“parent undertaking”, “subsidiary undertaking” and related expressions have the same meanings as in Part 38 of the Companies Act 2006 but where “undertaking” has the meaning given in this Order;

“undertaking” means—

but an undertaking does not include a public body.