Financial Services Act 2021

This section has no associated Explanatory Notes

11(1)Article 81(1)(a) (minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital) is amended as follows.U.K.

(2)After point (ii) insert—

(iia)an intermediate financial holding company or intermediate mixed financial holding company that is subject to the requirements of this Regulation on a sub-consolidated basis;

(iib)an intermediate investment holding company that is subject to the requirements of Part 9C rules on a consolidated basis;

(iic)an FCA investment firm;.

(3)In point (iii)—

(a)after “subject to prudential requirements” insert “ which are ”,

(b)for “where” substitute “ which ”, and

(c)omit “that those prudential requirements”.

Commencement Information

I1Sch. 1 para. 11 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)