third-country banking and investment group

a banking and investment group that meets the following conditions:

1. (a) it is headed by:
   1. (i) a credit institution; or
   1. (ii) an asset management company; or
   1. (iii) an investment firm; or
   1. (iv) a financial holding company;
   that has its head office outside the United Kingdom;
1. (b) it is not part of a wider consolidation group that is required by UK prudential sectoral legislation for the banking sector, the CRR investment services sector or the MIFIDPRU investment services sector to be subject to consolidated supervision.