Regulation 49 Interpretation of Part 8
In this Part—
-
“advance application” means an application submitted during the period—
- (a)
beginning with the day on which this Part comes into force, and
- (b)
ending immediately before exit day;
- (a)
-
“working day” means a day other than—
- (a)
a Saturday or a Sunday,
- (b)
Christmas Day or Good Friday, or
- (c)
a day which is a bank holiday under the Banking and Financial Dealings Act 1971f1 in any part of the United Kingdom.
- (a)
In this Part, reference to a group of undertakings means a group consisting of—
a parent undertaking and its subsidiaries, within the meaning of Articles 1 and 2 of Directive 83/349/EEC of 13 June 1983f2, and
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.