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[X1PART ONE U.K. GENERAL PROVISIONS

TITLE II U.K. LEVEL OF APPLICATION OF REQUIREMENTS

CHAPTER 2 U.K. Prudential consolidation

Section 3 U.K. Scope of prudential consolidation

Article 23 U.K. Undertakings in third countries

For the purposes of applying supervision on a consolidated basis in accordance with this Chapter, the terms ‘ investment firm ’ , ‘ credit institution ’ , financial institution', and ‘ institution ’ shall also apply to undertakings established in third countries, which, were they established in the [F1United Kingdom], would fulfil the definitions of those terms in Article 4.]