In forceAs enacted

Contents

Financial Holding Companies Regulations 2022 · As enacted · Part 4 · Limitation of Mutual Shareholdings

12. Definitions of this Part

In this Part —“affiliated company” has the meaning given by regulation 9;“qualified major stake company”, in relation to a DFHC, means an affiliated company of the DFHC in which the DFHC holds a major stake;“share” —

(a)

in relation to a corporation (other than a co-operative society) — has the meaning given by section 4(1) of the Companies Act 1967; and

(b)

in relation to a co-operative society — has the meaning given by section 2(1) of the Co‑operative Societies Act 1979,and includes an interest in a share.

“affiliated company” has the meaning given by regulation 9;

“qualified major stake company”, in relation to a DFHC, means an affiliated company of the DFHC in which the DFHC holds a major stake;

“share” —

(a)

in relation to a corporation (other than a co-operative society) — has the meaning given by section 4(1) of the Companies Act 1967; and

(b)

in relation to a co-operative society — has the meaning given by section 2(1) of the Co‑operative Societies Act 1979,and includes an interest in a share.

Report

Read on from reg 13