Paragraph 44 Counter-Terrorism Act 2008
Schedule 7 to the Counter-Terrorism Act 2008 M1 (terrorist financing and money laundering) is amended as follows.
In paragraph 5 (meaning of “credit institution” and “financial institution”)—
in sub-paragraph (1), for “Article 4(1) of the banking consolidation directive” substitute “ Article 4(1)(1) of the capital requirements regulation ”; and
in sub-paragraph (2)(a) for “banking consolidation directive” substitute “ capital requirements directive ” in each place where it appears.
In paragraph 7 (interpretation of this Part)—
omit the definition of “the banking consolidation directive”; and
insert at the relevant place—
“the capital requirements directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 relating to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC;
“the capital requirements regulation” means Regulation (EU) No. 575/2013 of the European Parliament and of the Council;”.
In paragraph 46 (index of defined expressions)—
omit the entry for “banking consolidation directive”;
insert the following entries at the appropriate place—
| expression | provision |
|---|---|
| the capital requirements directive | paragraph 7 |
| the capital requirements regulation | paragraph 7 |
Annotations
Marginal citations
- M1
2008 c. 28. Schedule 7 was amended by the Terrorist Asset-Freezing etc. Act 2010 c.38 and S.I. 2011/99.
Notes on the whole SI
Textual amendments
- F1
2000 c. 8. Section 349(2) was amended by section 41 of, and paragraphs 19(1) and (2) of Schedule 12 to, the Financial Services Act 2012 (c. 21); paragraphs 14(1)(b), 17(c), 18 and 22 of Schedule 3 were amended by section 12 of, and paragraphs 1, 3, 7, 8 and 14 of Schedule 4 to, the Financial Services Act 2012; paragraph 14(1)(b) was also amended by S.I. 2003/1473 and S.I. 2003/2066.