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subsidiary

as defined in Directive 2002/83/EC of the European Parliament and of the Council of 5…, Article 1(1), point (l) (Definitions)

a subsidiary undertaking as defined in Articles 1 and 2 of Directive 83/349/EEC; any subsidiary of a subsidiary undertaking shall also be regarded as a subsidiary of the undertaking which is those undertakings' ultimate parent undertaking;

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