# The Capital Requirements (Amendment) (EU Exit) Regulations 2018, Regulation 247: Article 33 (cap on inflows)


In Article 33 (cap on inflows)—
(a) in paragraph 2(a), for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC” substitute “common management relationship”;
(b) in paragraph 2(b), omit “or (7)”;
(c) for paragraph (4)(b), substitute—
“(b) an activity that immediately before exit day would have amounted to consumer credit for the purposes of Directive 2008/48/EC.”;
(d) paragraph 5, in the second sub-paragraph—
(i) omit the first sentence;
(ii) for “EBA shall publish” substitute “PRA must publish”;
(iii) omit the final sentence.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174661/regulation/247 (the official version)
Page: https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018/regulation-247
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.