Paragraph 49 I1

Regulation 1(2) (interpretation) is amended as follows.

For the definition of “capital requirements regulation” substitute—

““the capital requirements regulation” means Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012;”.

After that definition insert—

• ““FCA investment firm” has the same meaning as in Part 9C of the 2000 Act;

• “financial institution” has the meaning given in Article 4(1)(26) of the capital requirements regulation;”.

After the definition of “period of account” insert—

““Regulated Activities Order” means the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544);

“relevant FCA investment firm” has the meaning given in paragraph (2A);

“small and non-interconnected firm” has the meaning given in rules made by the Financial Conduct Authority for the purposes of Part 9C of the 2000 Act;”.