Article 181 Interpretation of Part

In this Part—

• F1“crisis prevention measure” has the meaning given in section 48Z(1) of the Banking Act 2009;

• “the regulator”—

  1. (a)

     in relation to an undertaking which is a PRA-authorised person, means the PRA; and

  2. (b)

     in relation to any other undertaking, means the FCA.

• F2“supervisory measure” means a power of the FCA or PRA by or under legislation upon which the United Kingdom relied immediately before IP completion day to meet its obligations with respect to Article 104.1 of the capital requirements directive;

• “undertaking” means—

  1. (c)

     an institution which is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with F3the capital requirements regulation and CRR rules;

  2. (d)

     in relation to a relevant group, a group entity set up in the United Kingdom; or

  3. (e)

     a mixed activity holding company set up in the United Kingdom.