Regulation 225 Amendment to use of term “competent authorities”

(1)

In the provisions of the Capital Requirements Regulation specified in sub-paragraph (3) for the expression specified in sub-paragraph (2) (which applies in the context) substitute “it”.

(2)

The expressions specified are “competent authority”, “a competent authority”, “competent authorities” and “the competent authorities”.

(3)

The provisions specified are—

(a)

Article 41, paragraph 2, first sub-paragraph;

(b)

Article 124, paragraph 4, first sub-paragraph, point (b);

(c)

Article 148, paragraph 6, first sub-paragraph;

(d)

Article 152, paragraph 5, first sub-paragraph;

(e)

Article 164, paragraph 6, first sub-paragraph;

(f)

Article 178, paragraph 6, first sub-paragraph;

(g)

Article 180, paragraph 3, first sub-paragraph, points (a) and (b);

(h)

Article 181, paragraph 3, first sub-paragraph, point (b);

(i)

Article 182, paragraph 4, first sub-paragraph, point (b);

(j)

Article 183, paragraph 6, first sub-paragraph;

(k)

Article 314, paragraph 5, first sub-paragraph, points (a) and (b);

(l)

Article 415, paragraph 3, first sub-paragraph, point (b).

(4)

In Article 173(3), in the first sub-paragraph, for “of the competent authorities” substitute “it may use”.

(5)

In Article 312(4), in the first sub-paragraph, in point (a), for “the competent authorities permit” substitution “it permits”.

(6)

In Article 363(4), in the first sub-paragraph, in point (b), for “competent authorities permit” substitute “it permits”.