# The Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019, Regulation 49: Interpretation of Part 8


(1) 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;
“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 1971 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 1983, 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.

---
Source: https://www.legislation.gov.uk/ukdsi/2019/9780111176696/regulation/49 (the official version)
Page: https://openlegislation.uk/draft-credit-rating-agencies-amendment-etc-eu-exit-regulations-2019/regulation-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.