Paragraph 41 Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisorI1
(1)
Article 68 (application and interpretation of Chapter 4 of Part 6) is amended as follows.
(2)
In paragraph (2)—
(a)
in the definition of “group entity”—
(i)
in the opening words for “EEA parent undertaking” substitute “ UK parent undertaking ”; and
(ii)
in paragraph (c) omit “either” and sub-paragraph (i);
(b)
in the definition of “measures for structural change”, in paragraph (b), for “a parent financial holding company in an EEA State or an EEA” substitute “ a UK ”.
Annotations
Commencement
- I1
Sch. 3 para. 41 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)