financial group definition

financial group means a group that consists of a legal person or legal arrangement exercising control and coordinating functions over the rest of the group for the application of group supervision under the Core Principles, and its branches and subsidiaries that are financial institutions as defined in section 27A(6) of the MAS Act or the equivalent financial institutions outside Singapore;
financial group means a group of companies that consists of a parent company or other type of a legal person, exercising control and coordinating function over the rest of the group, for the application of group supervision under the anti-money laundering and suppression of terrorist financing policies and procedures, together with branches and subsidiaries that are subject thereto;
financial group means a group that consists of a parent company or any other type of legal person, exercising control and co-ordinating functions over the rest of the group for the application of group supervision under the core principles together with branches or subsidiaries that are subject to anti-money laundering policies and procedures at the group level;

More Definitions of financial group

financial group means a related group of companies whose activities are limited to any one or more of the following:
financial group means a corporate group, the members of which conduct banking business or business of a financial nature;
financial group means a group of companies comprising (in the case of a SIB) every company in which the bank acquires or holds, directly or indirectly, a major stake (as defined below); and
financial group means in relation to a financial institution, that financial institution and any affiliate thereof which conducts banking business or business of a financial nature;
financial group means a financial holding company and a group of related corporations under such financial holding company primarily engaged in financial services or in other services in connection with or for the purposes of such financial services which includes at least one licensed person;