# The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Regulation 35: Section 137J (rules about recovery plans: duty to consult)


In section 137J (rules about recovery plans: duty to consult), in subsection (6)—
(a) for the definition of “institution” substitute—
““institution” means—
(a) a credit institution, other than an entity mentioned in Article 2.5 of the capital requirements directive; or
(b) an investment firm as defined in Article 4.1(2) of the capital requirements regulation that is subject to the initial capital requirement specified in rules made by a regulator for the purpose of implementing Article 28(2) of the capital requirements directive;”;
(b) in the definition of “institution authorised in the UK”, for “an institution which is an authorised person and” substitute “an authorised person who is”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179970/regulation/35 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.