OpenLegislation

Article 3 Amendments to Part 1: general

Original text. Later amendments are not shown.

In article 1(3) (interpretation)—

(a)

omit the definition of “EEA account” and “EEA account holder”;

(b)

after the definition of “Northern Ireland industrial and provident society”, insert—

  • ““the prudential requirements regulation” means Regulation (EU) No 575/2013 of the European Parliament and of the Council on prudential requirements for credit institutions and investment firmsf1;”;

(c)

after the definition of “securities”, insert—

  • ““SME” has the meaning given in article 1(4) of the excluded activities and prohibitions orderf2;”;

(d)

at the end of the definition of “UK deposit-taker”, insert—

  • “;

  • “undertaking” includes a company, body corporate, partnership or unincorporated association”.

Annotations

Footnotes

f1

EUR 2013/575, amended by the Financial Services Act 2021 (c. 22), the Financial Services and Markets Act 2023 (c. 29) sections 1, 7 and Schedules 1 and 4, S.I. 2018/1401, 2019/710, 876, 1232, 2033, 2020/1301, 1385, 2021/1078, 1376, 2022/838, 2023/999, 1409, 1410, and 2024/102.

f2

The definition of “SME” is inserted into the excluded activities and prohibitions order by article 8(1)(c).