qualifying holding

(1) (in MIFIDPRU) a direct or indirect holding in an undertaking which:

1. (a) represents 10% or more of the capital of that undertaking;
1. (b) represents 10% or more of the voting rights of that undertaking; or
1. (c) makes it possible to exercise a significant influence over the management of that undertaking.

(2) (otherwise) a direct or indirect holding in an investment firm which represents 10% or more of the capital or of the voting rights, as set out in articles 9 and 10 of the Transparency Directive, taking into account the conditions regarding aggregation in article 12(4) and (5) of that Directive, or which makes it possible to exercise a significant influence over the management of the investment firm in which that holding subsists.

[Note: article 4(1)(31) of MiFID]