Regulation 49 Interpretation of Part 8I1
United Kingdom
In this Part—
“advance application” means an application submitted during the period—
- (a)
beginning with the day on which this Part comes into force, and
- (b)
ending immediately before F1IP completion day;
- (a)
“working day” means a day other than—
- (a)
a Saturday or a Sunday,
- (b)
Christmas Day or Good Friday, or
- (c)
a day which is a bank holiday under the Banking and Financial Dealings Act 1971 M1 in any part of the United Kingdom.
- (a)
In this Part, reference to a group of undertakings means a group consisting of—
a parent undertaking and its subsidiaries, within the meaning of Articles 1 and 2 of Directive 83/349/EEC of 13 June 1983 M2, and
undertakings linked to each other by a relationship mentioned in Article 12.1(a) or (b) of that Directive, whose occupation includes the issuing of credit ratings.
Annotations
Textual amendments
- F1
Words in reg. 49 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 11(j)
Marginal citations
- M1
1971 c. 80; amended by section 1 of the St Andrew's Day Bank Holiday (Scotland) Act 2007 (asp 2).
- M2
O.J. L 193, 18.7.1983, p.1.
Commencement
- I1
Reg. 49 in force at 14.2.2019, see reg. 1(2)
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (1.1.2024 for the revocation of reg. 3(3)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 5(c)(iii)