# The Capital Requirements Regulations 2013, Paragraph 50: Competition Act 1998 (Determination of Turnover for Penalties) Order 2000


Paragraph 1(1) of the Schedule to the Competition Act 1998 (Determination of Turnover for Penalties) Order 2000 (applicable turnover: interpretation) is amended as follows—
(a) for the definition of “credit institution” substitute—
““credit institution” means a credit institution for the purposes of Article 4(1)(1) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012;”;
(b) for the definition of “financial institution” substitute—
““financial institution” means a financial institution for the purposes of Article 4(1)(26) of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012 or any undertaking located outside the EEA which does not fall within the definition in that Article but which carries on equivalent activities;”.

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Source: https://www.legislation.gov.uk/uksi/2013/3115/schedule/2/paragraph/50 (the official version)
Page: https://openlegislation.uk/capital-requirements-regulations-2013/schedule-2/paragraph-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.