InterpretationU.K.
This section has no associated Explanatory Memorandum
2.—(1) In these Regulations—
...
...
...
“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 ;
[“on a consolidated basis” means on the basis of the consolidated situation;
“consolidated situation” means the situation that results from an entity being treated, for the purposes of the capital requirements regulation or CRR rules (as appropriate), as if that entity and one or more other entities formed a single entity;
“CRR rules” has the meaning given in section 144A of FSMA;]
...
...
...
...
...
...
...
“FSMA” means the Financial Services and Markets Act 2000;
“group” means a group whose members include one or more institutions;
...
...
...
...
...
...
...
[“Specified EU Regulations under the Capital Requirements Regulation” means the EU regulations or parts of EU regulations which form part of retained EU law and which are specified in paragraphs 78 to 83 and 126 to 168, in Schedule 1 to the Financial Regulators' Powers (Technical Standards) (Amendment etc.) (EU Exit) Regulations.]
(2) Except as provided by paragraph (1)—
(a)any expression used in these Regulations which is defined in Article 4 (definitions) of the capital requirements regulation ... has the meaning which it is given in that Article ;
(b)any other expression used in these Regulations which is defined in section 417 (definitions) of FSMA has the meaning given by that section .
[(3) Any reference in these Regulations to any EU regulation, EU decision or EU tertiary legislation (within the meaning of section 20 of the European Union (Withdrawal) Act 2018) is, unless the contrary intention appears, to be treated as a reference to that EU regulation, EU decision or EU tertiary legislation as it [forms part of retained EU law]. ]
Textual Amendments
Marginal Citations