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(in relation to any undertaking in a consolidation group, sub-group or other group of persons) an undertaking complying with the following conditions:(a) its principal activity consists of:(i) owning or managing property; or(ii) managing data-processing services; or(iii) any other similar activity;(b) the activity in (a) is ancillary to the principal activity of one or more investment firms;(c) those investment firms are also members of that consolidation group, sub-group or other group of persons; and(d) (for the purpose of PRU 8.4 (Cross sector groups), PRU 8.5 (Third country groups), PRU 8 Ann 1R G (Capital adequacy calculations for financial conglomerates) and PRU 8 Ann 2R (Prudential rules for third country groups) it is not an ancillary banking services undertaking.
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(in relation to any undertaking in a consolidation group, sub-group or other group of persons) an undertaking complying with the following conditions:(a) its principal activity consists of:(i) owning or managing property; or(ii) managing data-processing services; or(iii) any other similar activity;(b) the activity in (a) is ancillary to the principal activity of one or more insurance undertakings;(c) those insurance undertakings are also members of that consolidation group, sub-group or other group of persons; and(d) (for the purpose of PRU 8.4 (Cross sector groups), PRU 8.5 (Third country groups), PRU 8 Ann 1R G (Capital adequacy calculations for financial conglomerates) and PRU 8 Ann 2R (Prudential rules for third country groups) it is not an ancillary banking services undertaking.
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(as defined in article 1.23 of the Banking Consolidation Directive (Definitions)) and in relation to an undertaking in a consolidation group, sub-group or another group of persons) an undertaking complying with the following conditions:(a) its principal activity consists in:(i) owning or managing property;(ii) managing data-processing services; or(iii) any other similar activity;(b) the activity in (a) is ancillary to the principal activity of one or more credit institutions; and
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an activity which is not a regulated activity but which is:(a) carried on in connection with a regulated activity; or(b) held out as being for the purposes of a regulated activity.
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action, ancillary to stabilising action, permitted under MAR 2.4.2 R.
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the regulated activity, specified in article 51(1)(c) of the Regulated Activities Order (Establishing etc a collective investment scheme), of acting as the depositary or sole director of an open-ended investment company.
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the regulated activity, specified in article 53 of the Regulated Activities Order (Advising on investments), which is in summary: advising a person if the advice is:(a) given to the person in his capacity as an investor or potential investor, or in his capacity as agent for an investor or a potential investor; and(b) advice on the merits of his doing any of the following (whether as principal or agent):(i) buying, selling, subscribing for or underwriting a particular investment which is a security or relevant investment (that is, any designated investment, funeral plan contract, pure protection contract, general insurance contract or right to or interests in a funeral plan contract); or(ii) exercising any right conferred by such an investment, other than a pure protection contract or a general insurance contract, to buy, sell, subscribe for or underwrite such an investment.(2) (in (Approved Persons) and APER) the regulated activity specified in article 53 (Advising on investments) of the Regulated Activities Order. For these purposes, advising on investments includes any activities that would be included but for the exclusion in article 72AA (Managers of UCITS and AIFs) of the Regulated Activities Order.
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the regulated activity, specified in article 25(1) of the Regulated Activities Order, which is in summary: making arrangements for another person (whether as principal or agent) to buy, sell, subscribe for or underwrite a particular investment which is:(a) a designated investment; or(b) a funeral plan contract; or(c) the underwriting capacity of a Lloyd's syndicate; or(da) a pure protection contract; or(db) a general insurance contract; or(e) rights to or interests in investments in (b), (c) or (d).