# The Capital Requirements Regulations 2013, Paragraph 26


In section 422A (disregarded holdings) —
(a) for subsection (8)(a) substitute—
“(a) manages holdings for its parent undertaking or a controlled undertaking of its parent undertaking;”;
(b) for subsection (8)(c)(ii) substitute—
“(ii) a controlled undertaking of the parent undertaking.”;
(c) in subsection (10)(a) for “banking consolidation directive” substitute “ capital requirements directive ”;
(d) after subsection (10) insert—
“(11) For the purposes of this section, an undertaking is a controlled undertaking of the parent undertaking if it is controlled by the parent undertaking; and for this purpose the question of whether one undertaking controls another is to be determined in accordance with section 89J(4) and (5).”.

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Source: https://www.legislation.gov.uk/uksi/2013/3115/schedule/2/paragraph/26 (the official version)
Page: https://openlegislation.uk/capital-requirements-regulations-2013/schedule-2/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.