Regulation 228 Article 3 (definitions)

in point (1), for the words “the second sub-paragraph” to the end substitute “Article 10 of this Regulation”;

in point (2), for the words “as referred to in” to the end substitute “and further subdivided into level 2A and 2B assets in accordance with Articles 11 and 12 of this Regulation”;

in point (5), for “a Member State” substitute “the United Kingdom”;

omit point (6);

in point (9), for “activities listed in Annex I to Directive 2013/36/EU” substitute “Annex 1 activities”;

after point (9) insert—

“(9A)

‘UK deposit guarantee scheme’ means the depositor protection part of the Financial Services Compensation Scheme established under section 213 of FSMA;”

after point (12) insert—

“(13)

A reference to the PRA rulebook is to the rulebook published by the PRA containing rules made by that Authority under FSMA—

(a)

as amended from time to time, for the purposes of Article 2(3)(d); or

(b)

as the rulebook has effect on exit day, in all other cases.

(14)

A reference to a sourcebook is to a sourcebook in the Handbook of Rules and Guidance published by the FCA containing rules made by that Authority under FSMA—

(a)

as amended from time to time, for the purposes of Article 2(3)(d); or

(b)

as the rulebook has effect on exit day, in all other cases.

(15)

‘the Capital Requirements Regulation’ means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, as it forms part of domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018, and as amended from time to time thereafter.

(16)

Except as provided above, any expression used in this Regulation which is defined in Article 4 (definitions) of the Capital Requirements Regulation has the meaning which it is given in that Article, as it forms part of domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018, and as amended from time to time thereafter.”.