Paragraph 62 Early intervention with respect to groups where the PRA or FCA is the consolidating supervisorI1

(1)

Article 110(2) (application and interpretation of Chapter 2 of Part 8) is amended as follows.

(2)

In the definition of “measure for early intervention”—

(a)

in paragraph (a) omit “in relation to a UK group entity,”;

(b)

omit paragraph (b).

(3)

Omit the definition of “non-UK group entity”.

(4)

In the definition of “temporary manager” omit paragraph (b).

(5)

In the definition of “UK group entity”, in paragraph (a)—

(a)

for “EEA” substitute “ UK ”;

(b)

omit “, if it is set up in the United Kingdom”.

Annotations

I1: Sch. 3 para. 62 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)