1

Application and Definitions

1.1

This Part applies to every firm that is a CRR firm.

1.2

In this Part the following definitions shall apply:

third country banking and investment group

means a group that meets the following conditions:

    1. (1) it is headed by a third country undertaking that would be:
      1. (a) an institution;
      2. (b) a financial holding company, or
      3. (c) a mixed financial holding company,
      4. if its head office was in the EEA; and
    2. (2) it is not part of a wider consolidation group.

1.3

Unless otherwise defined:

  1. (1) any italicised expression used in this Part and in the CRR has the same meaning as in the CRR; and
  2. (2) any italicised expression used in this Part and in the CRD has the same meaning as in the CRD.