There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Banking Consolidation Directive (Consequential Amendments) Regulations 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.
14.—(1) The Investment Services Regulations 1995(1) are amended as follows.
(2) In regulation 2(1):
(a)after the definition of “the Bank”, there is inserted:
““the Banking Consolidation Directive” means Directive 2000/12/EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions;”;
(b)in the definition of “credit institution”, for “First Council Directive” there is substituted “Banking Consolidation Directive”;
(c)in the definition of “European authorised institution”, for “the First Council Directive and the Second Council Directive” there is substituted “the Banking Consolidation Directive”; and
(d)the definitions of:
(i)“the First Council Directive”; and
(ii)“the Second Council Directive”
are omitted.
(3) In regulation 2, after paragraph (1) there is inserted the following paragraph:
“(1A) Any reference in these Regulations to the Second Council Directive shall be construed as a reference to the Banking Consolidation Directive, and shall be read in accordance with the correlation table in Annex VI to the Banking Consolidation Directive.”;
and paragraph (2B) is omitted.
Commencement Information
I1Reg. 14 in force at 22.11.2000, see reg. 1
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