# The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019, Regulation 49: Interpretation of Part 8

Extent: E+W+S+N.I.

(1) 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 IP completion day;
“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 in any part of the United Kingdom.
(2) In this Part, reference to a group of undertakings means a group consisting of—
(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
(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.

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Source: https://www.legislation.gov.uk/uksi/2019/266/regulation/49 (the official version)
Page: https://openlegislation.uk/credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.