Paragraph 21 I1

(1)

In section 48D (general interpretation of section 48B), subsection (1) is amended as follows.

(2)

In the definition of “credit institution” for “Article 2.5(2) to (23)” substitute “ Article 2.5(2), (3) or (23) ”.

F1(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

In the definition of “investment firm”—

(a)

for “Regulation (EU) No 575/2013 of the European Parliament and of the Council” substitute “ the capital requirements regulation ”;

(b)

after “specified in” insert “ rules made by the FCA or PRA for the purpose of implementing ”.

Annotations

F1: Sch. 1 para. 21(3) omitted (31.12.2020 immediately before IP completion day) by virtue of The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(2), 17; 2020 c. 1, Sch. 5 para. 1(1)

I1: Sch. 1 para. 21 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)