n relation to business that is neither MiFID or equivalent third country business, a large undertaking meeting either of the following conditions: a body corporate (including a limited liability partnership) which has (or any of whose holding companies or subsidiaries has) called up share capital of at least £00 million (or its equivalent in any other currency at the relevant time) a large undertaking that meets (or any of whose holding companies or subsidiaries meets) two of the following tests: (i) a balance sheet total of EUR 00,000,000; (ii) a net turnover of EUR 00,000,000; (iii) an average number of employees during the year of 000 a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECP, the EIB) or another similar international organisation. another institutional investor whose main activity is to invest in financial instruments (in relation to the firm's MiFID or equivalent third country business) or designated investments (in relation to the firm's other business). This includes entities dedicated to the securitisation of assets or other financing transactions The above definition is only an extract and is not exhaustive. For further details please refer to the Glossary section of the FSA Handbook: http