461RMeaning of large after amalgamation

1. For the purposes of this Part, a person (A) is large after amalgamation in respect of an accounting period if—

2. A amalgamated with a large entity during the accounting period; or
3. A is a new entity formed on the amalgamation of 2 or more entities during the accounting period, and at least 1 of those entities was a large entity.

4. If A is large after amalgamation under subsection (1) in respect of an accounting period, A continues to be large after amalgamation in respect of the next accounting period.

5. In this section, large entity means an entity that, in respect of the accounting period, was any of—

6. a large listed issuer under section 461P(1) (other than an issuer described in section 461P(2)(a) or (b) for the accounting period up to the time of amalgamation):
7. a registered bank, licensed insurer, credit union, or building society that is large under section 461Q.