Regulation 185 Article 425 (inflows)

(1)

Article 425 (inflows) is amended as follows.

(2)

In paragraph 1—

(a)

omit “or (7)”;

(b)

for “bonds as referred to in Article 52(4) of Directive 2009/65/EC” substitute “CRR covered bonds”;

(c)

for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC” substitute “common management relationship”.

(3)

In paragraph 4—

(a)

in point (b), for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC” substitute “common management relationship”;

(b)

in point (b), omit the words “or a member of the same institutional protection” to the end;

(c)

in point (d), for “same Member State” substitute “United Kingdom”.

(4)

Omit paragraph 5.

(5)

Omit paragraph 6.