Article 15 (derogation from the application of own funds requirements on a consolidated basis for groups of investment firms)U.K.
This section has no associated Explanatory Memorandum
75. In Article 15 (derogation from the application of own funds requirements on a consolidated basis for groups of investment firms)—
(a)in paragraph 1, after “this Regulation and” insert “ Directive 2013/36/EU UK law which implemented ”;
(b)in paragraph 1, for “EU investment firm”, in each place it occurs, substitute “ investment firm authorised in the United Kingdom ”;
(c)in paragraph 1, in point (d), for “parent financial holding company in a Member State” substitute “ UK parent financial holding company ”.