{
  "url": "https://openlegislation.uk/credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-49",
  "json_url": "https://openlegislation.uk/credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-49.json",
  "legislation": "uksi/2019/266",
  "legislation_title": "The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/credit-rating-agencies-amendment-etc-eu-exit-regulations-2019",
  "path": "regulation/49",
  "kind": "regulation",
  "number": "49",
  "heading": "Interpretation of Part 8",
  "text": "(1) In this Part—\n“advance application” means an application submitted during the period—\n(a)beginning with the day on which this Part comes into force, and\n(b)ending immediately before IP completion day;\n“working day” means a day other than—\n(a)a Saturday or a Sunday,\n(b)Christmas Day or Good Friday, or\n(c)a day which is a bank holiday under the Banking and Financial Dealings Act 1971 in any part of the United Kingdom.\n(2) In this Part, reference to a group of undertakings means a group consisting of—\n(a) a parent undertaking and its subsidiaries, within the meaning of Articles 1 and 2 of Directive 83/349/EEC of 13 June 1983 , and\n(b) 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.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "1971 c. 80; amended by section 1 of the St Andrew's Day Bank Holiday (Scotland) Act 2007 (asp 2)."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "O.J. L 193, 18.7.1983, p.1."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 49 in force at 14.2.2019, see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/266/regulation/49",
    "retrieved_at": "2026-10-28T22:47:22.552015+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}