OpenLegislation

Paragraph 56 Provision of group financial support

Original text. Later amendments are not shown.

(1)

Article 101 (interpretation of Chapter 4 of Part 7) is amended as follows.

(2)

In paragraph (1)—

(a)

after “In this Chapter—” insert—

  • ““authorised agreement” has the same meaning as in Chapter 3;”;

(b)

omit the definition of “college members”;

(c)

in the definition of “group entity” for “, FCA or other competent authority” substitute “or FCA”;

(d)

for the definition of “relevant notice” substitute—

  • ““relevant notice” means a notice—

    1. (a)

      given by a group entity;

    2. (b)

      stating an intention to provide financial support under an authorised agreement; and

    3. (c)

      required by rules made by the PRA or FCA under Part 9A of FSMA;”.