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subsidiary undertaking

as defined in Directive 2002/87/EC of the European Parliament and of the Council of 16…, Article 2, point (10)

a subsidiary undertaking within the meaning of Article 1 of Directive 83/349/EEC and any undertaking over which, in the opinion of the competent authorities, a parent undertaking effectively exercises a dominant influence; all subsidiary undertakings of subsidiary undertakings shall also be considered as subsidiary undertakings of the parent undertaking

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