[192JA Rules applying to parent undertakings of ring-fenced bodies]
[192JA Rules applying to parent undertakings of ring-fenced bodies]

[(1)     The appropriate regulator may make such rules applying to bodies corporate falling within subsection (2) as appear to the regulator to be necessary or expedient for the group ring-fencing purposes.

(2)     A body corporate falls within this subsection if—

(a)     it is incorporated in the United Kingdom or has a place of business in the United Kingdom,

(b)     it is a parent undertaking of a ring-fenced body, and

(c)     it is not itself an authorised person.

(3)     The “group ring-fencing purposes” are the purposes set out in section 142H(4).

(4)     “The appropriate regulator” means—

(a)     in relation to the parent undertaking of

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