Regulation 23 Article 25 (sponsor of an ABCP programme)

In Article 25—

(a)

in paragraph 1 for the words “credit institution supervised under Directive 2013/36/EU” substitute “person who is a CRR firm as defined by Article 4(1)(2A) of the Capital Requirements Regulation, but is not an investment firm as defined by Article 4(1)(2) of that Regulation^f1”; and

(b)

in paragraph (3)—

(i)

in the first subparagraph for “its competent authority” substitute “the PRA”; and

(ii)

in the second subparagraph for “the competent authority” substitute “the PRA”.

Annotations

Footnotes

f1: Point (2A) was inserted and point (2) was amended by S.I. 2018/1401.