OpenLegislation

Paragraph 81 Minimum requirement for own funds and eligible liabilities: other provisionsI1

(1)

Article 147 (waiver of application of Chapter 4 or 5) is amended as follows.

(2)

In the heading omit “or 5”.

(3)

In paragraph (2)—

(a)

in the opening words—

(i)

omit “or 5”;

(ii)

for “an EEA parent institution which is a UK institution” substitute “ a UK parent institution ”;

(b)

in sub-paragraph (a) omit “or 3”.

(4)

In paragraph (3)—

(a)

in the opening words—

(i)

omit “or 5”;

(ii)

for “UK institution” substitute “ group institution ”;

(b)

in sub-paragraph (b) for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”;

(c)

in sub-paragraph (c)—

(i)

for “EEA parent institution” substitute “ UK parent institution ”;

(ii)

omit “or 3”.

Annotations

Commencement

I1: Sch. 3 para. 81 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)