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Regulation 49 Interpretation of Part 8

Original text. Later amendments are not shown.

(1)

In this Part—

  • “advance application” means an application submitted during the period—

    1. (a)

      beginning with the day on which this Part comes into force, and

    2. (b)

      ending immediately before exit day;

  • “working day” means a day other than—

    1. (a)

      a Saturday or a Sunday,

    2. (b)

      Christmas Day or Good Friday, or

    3. (c)

      a day which is a bank holiday under the Banking and Financial Dealings Act 1971f1 in any part of the United Kingdom.

(2)

In this Part, reference to a group of undertakings means a group consisting of—

(a)

a parent undertaking and its subsidiaries, within the meaning of Articles 1 and 2 of Directive 83/349/EEC of 13 June 1983f2, and

(b)

undertakings linked to each other by a relationship mentioned in Article 12.1(a) or (b) of that Directive, whose occupation includes the issuing of credit ratings.

Annotations

Footnotes

f1

1971 c. 80; amended by section 1 of the St Andrew’s Day Bank Holiday (Scotland) Act 2007 (asp 2).

f2

O.J. L 193, 18.7.1983, p.1.