OpenLegislation

Paragraph 74 Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisor

Original text. Later amendments are not shown.

(1)

Article 133 (application and interpretation of Chapter 4 of Part 9) is amended as follows.

(2)

In paragraph (2)—

(a)

omit ““four month period, ”;

(b)

for the definition of “group institution” substitute—

  • ““group institution” means an institution, other than a mortgage credit institution within the meaning given in Chapter 1, that—

    1. (a)

      is authorised by the PRA or FCA and

    2. (b)

      forms part of a relevant group;”.

(3)

Omit the definitions of “non-UK institution” and “UK institution”.