OpenLegislation

Regulation 77 Article 18 (methods for prudential consolidation)

Original text. Later amendments are not shown.

Article 18 (methods for prudential consolidation) is amended as follows—

(a)

in paragraph 3, for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC,” substitute “common management relationship”;

(b)

in paragraph 6 for “the method provided for in Article 12 of Directive 83/349/EEC” substitute “the method which would have been available under Article 22(7) to (9) of Directive 2013/34/EEC, as it had effect immediately before exit day, if the United Kingdom were still a member of the European Union.”;

(c)

in paragraph 8, for “pursuant to Article 111 of Directive 2013/36/EU” substitute “under this Regulation”.