OpenLegislation

Paragraph 56 Provision of group financial supportI1

(1)

Article 101 (interpretation of Chapter 4 of Part 7) is amended as follows.

(2)

In paragraph (1)—

(a)

after “In this Chapter—” insert—

““authorised agreement” has the same meaning as in Chapter 3;”;

(b)

omit the definition of “college members”;

(c)

in the definition of “group entity” for “, FCA or other competent authority” substitute “ or FCA ”;

(d)

for the definition of “relevant notice” substitute—

““relevant notice” means a notice—

(a)

given by a group entity;

(b)

stating an intention to provide financial support under an authorised agreement; and

(c)

required by rules made by the PRA or FCA under Part 9A of FSMA;”.

Annotations

Commencement

I1

Sch. 3 para. 56 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)