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44.—(1) For subsection (1) of section 105A of the Banking Act(1) (meaning of “related company”) there shall be substituted the following subsection—
“(1) In this Act a 'related company', in relation to an institution or the parent undertaking of an institution, means a body corporate (other than a subsidiary undertaking) in which the institution or parent undertaking holds a qualifying capital interest.”
(2) In subsection (2) of that section, for the words “holding company” there shall be substituted the words “parent undertaking”.
1987 c. 22; section 105A was inserted by the Companies Act 1989 (c. 40), section 23, Schedule 10, Part II, paragraph 37(3).
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