[F1 PART 7 U.K.Application to Group Companies

Textual Amendments

F1 Pts. 6-8 inserted (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 10(13)

Interpretation of this Part U.K.

44.   In this Part—

F2 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) “UK group company” means—

(i) a financial institution as defined in point (26) of Article 4(1) of the capital requirements regulation that is authorised by the PRA or FCA,

(ii) a parent undertaking as defined in Article 4(1)(15)(a) of the capital requirements regulation, or

(iii) any other firm within the scope of Article 1(1) of the recovery and resolution directive,

the head office of which is in the United Kingdom and which is not otherwise subject to these Regulations.

Textual Amendments

F2 Reg. 44(a) omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 3(23); 2020 c. 1, Sch. 5 para. 1(1)

Application to UK group companies U.K.

45.   These Regulations apply to UK group companies with respect to which a stabilisation instrument has been made, as if they were UK credit institutions.]

Application to EEA group companies U.K.

F3 46.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F3 Reg. 46 omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 3(24)(a); 2020 c. 1, Sch. 5 para. 1(1)

Reorganisation measures and winding-up proceedings in respect of EEA group companies effective in the United Kingdom U.K.

F4 47.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F4 Reg. 47 omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 3(24)(b); 2020 c. 1, Sch. 5 para. 1(1)