OpenLegislation

Paragraph 41 Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisor

Original text. Later amendments are not shown.

(1)

Article 68 (application and interpretation of Chapter 4 of Part 6) is amended as follows.

(2)

In paragraph (2)—

(a)

in the definition of “group entity”—

(i)

in the opening words for “EEA parent undertaking” substitute “UK parent undertaking”; and

(ii)

in paragraph (c) omit “either” and sub-paragraph (i);

(b)

in the definition of “measures for structural change”, in paragraph (b), for “a parent financial holding company in an EEA State or an EEA” substitute “a UK”.