BANK 3.2.22 Definitions for Division 3.2.D

In this Division:

entity concerned means any of the following entities:

(a) a banking business firm;
(b) any other financial or insurance entity;
(c) an entity over which a banking business firm exercises control.
Note Exercise control is defined in the glossary.

significant investment, by a banking business firm in an entity concerned, means an investment of 10% or more in the common shares, or other instruments that qualify as capital, of the entity concerned. Investment includes a direct, indirect and synthetic holding of capital instruments.

Derived from QFCRA RM/2014-2 (as from 1st January 2015).