For the purpose of this Regulation, the following definitions shall apply:

1. (a)

   ‘link’ means a situation in which two and more natural or legal persons are either linked by a direct or indirect holding in an undertaking which represents 10 % or more of the capital or of the voting rights or which makes it possible to exercise a significant influence over the management of the undertaking in which that holding subsists;

2. (b)
   ‘group link’ means a situation in which two or more undertakings or entities belong to the same group within the meaning of Article 2(11) of Directive 2013/34/EU of the European Parliament and of the Council3 or international accounting standards adopted in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council4;
3. (c)

   F1‘Collective Investment Schemes sourcebook’ means the Collective Investment Schemes sourcebook made under the Financial Services and Markets Act 2000 by the competent authority, as it has effect on F21 January 2022;

4. (d)

   ‘competent authority’ means the Financial Conduct Authority;

5. (e)

   ‘CRR firm’ has the meaning given in Article 4(1)(2A) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012;

6. (f)

   ‘management company’ has the meaning given in section 237(2) of the Financial Services and Markets Act 2000;

7. (g)

   ‘third country’ means any country other than the United Kingdom;

8. (h)

   ‘UK UCITS’ has the meaning given in section 237(3) of the Financial Services and Markets Act 2000.