2 Description of institution not included within the meaning of “investment firm”
1 An institution of a description given in Article 29 of the Capital Requirements Directive (initial capital of particular types of investment firms) is specified for the purpose of section 258A(2)(b) of the Banking Act 2009.
2 In paragraph (1) “Capital Requirements Directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26th June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC.
OJNo. L 176, 27.6.2013, p. 338-436. For corrigenda see OJNo. L 208, 2/8/2013, p. 73.
Art. 2 in force at 1.8.2014, see art. 1