Paragraph 3

In section 384B(1) (companies excluded from being treated as micro entities)^f1—

(a)

in the opening words omit “was”;

(b)

at the beginning of paragraph (a) insert “was”;

(c)

in paragraph (b)—

(i)

at the beginning insert “would have been”;

(ii)

at the end before the comma insert “were the United Kingdom a member State”;

(d)

in paragraph (c)—

(i)

at the beginning insert “would have been”;

(ii)

at the end before the comma insert “were the United Kingdom a member State”;

(e)

in paragraph (d), for the words from “other than one” to the end substitute “which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation,”;

(f)

in paragraph (e)—

(i)

at the beginning insert “would have been”;

(ii)

at the end insert “were the United Kingdom a member State”; and

(g)

at the beginning of paragraph (f) insert “was”.

Annotations

Footnotes

f1: Section 384B(1)(d) is amended by paragraph 1 of Schedule 1 to these Regulations.