Paragraph 69 Determination of minimum consolidated requirement where the PRA or FCA is the consolidating supervisorI1

(1)

Article 125 (application and interpretation of Chapter 2 of Part 9) is amended as follows.

(2)

In paragraph (2)—

(a)

omit the definition of “four month period”;

(b)

in the definition of “group entity” for “EEA” substitute “ UK ”;

(c)

in the definition of “group institution”—

(i)

in paragraph (a) for “EEA” substitute “ UK ”;

(ii)

in paragraph (c)—

(aa)

in sub-paragraph (i) omit “or 146”; and, where it appears after the semi-colon, “or”;

(bb)

omit sub-paragraph (ii);

(iii)

in paragraph (d) for “an EEA State” substitute “ the UK ”;

(d)

in the definition of “netting arrangement” omit paragraph (b).

Annotations

I1: Sch. 3 para. 69 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)