5
Group Entities
5.1
This Chapter does not apply to a credit union.
- 07/03/2016
5.2
The Group Entity Senior Manager function (SMF7) is the function of having a significant influence on the management or conduct of one or more aspects of the affairs of a firm in relation to its regulated activities (other than in the course of the performance of another PRA senior management function) and which is performed by a person employed by, or an officer of:
- (1) a parent undertaking or holding company of a firm; or
- (2) another undertaking which is a member of the firm’s group.
- 07/03/2016