Paragraph 74 Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisorI1
(1)
Article 133 (application and interpretation of Chapter 4 of Part 9) is amended as follows.
(2)
In paragraph (2)—
(a)
omit “ “four month period, ”;
(b)
for the definition of “group institution” substitute—
““group institution” means an institution, other than a mortgage credit institution within the meaning given in Chapter 1, that—
(a)is authorised by the PRA or FCA and
(b)forms part of a relevant group;”.
(3)
Omit the definitions of “non-UK institution” and “UK institution”.
Annotations
Commencement
- I1
Sch. 3 para. 74 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)