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7.—(1) For the purposes of this Part—
“asset management company” means—
any EEA firm falling within paragraph 5(f) of Schedule 3 to the Act(1); or
any UK firm whose EEA right derives from the UCITS directive;
“credit institution” means—
any EEA firm falling within paragraph 5(b) of Schedule 3 to the Act; or
any UK firm whose EEA right derives from the banking consolidation directive;
“investment firm” means—
any EEA firm falling within paragraph 5(a) of Schedule 3 to the Act; or
any UK firm whose EEA right derives from the investment services directive;
“third-country competent authority” means the authority of a country or territory which is not an EEA State which is empowered by law or regulation to supervise (whether on an individual or group-wide basis) regulated entities;
“third-country financial conglomerate” means a group—
which, subject to Article 3 of the conglomerates directive, meets the conditions in Article 2(14) of that directive, and
in which the parent undertaking has its head office outside the EEA;
“third-country group” means a group of which the parent undertaking has its head office outside the EEA.
(2) For the purposes of this Part a regulated entity is in a third-country group if the parent undertaking of the group in which it is a member has its head office outside the EEA.
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