Regulation 106 Article 98 (own funds for investment firms on a consolidated basis)

in paragraphs 1 and 2, in both places it occurs, for “parent investment firm in a Member State” substitute “UK parent investment firm”;

after paragraph 2, insert—

“3.

In this Article “UK parent investment firm” means an investment firm in the United Kingdom which has an institution or financial institution as a subsidiary or which holds a participation in such an institution or financial institution, and which is not itself a subsidiary of another institution authorised in the United Kingdom, or of a financial holding company or mixed financial holding company set up in the United Kingdom.”.