OpenLegislation

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)