Provision of group financial supportU.K.
56.—(1) Article 101 (interpretation of Chapter 4 of Part 7) is amended as follows.
(2) In paragraph (1)—
(a)after “In this Chapter—” insert—
““authorised agreement” has the same meaning as in Chapter 3;”;
(b)omit the definition of “college members”;
(c)in the definition of “group entity” for “, FCA or other competent authority” substitute “ or FCA ”;
(d)for the definition of “relevant notice” substitute—
““relevant notice” means a notice—
(a)given by a group entity;
(b)stating an intention to provide financial support under an authorised agreement; and
(c)required by rules made by the PRA or FCA under Part 9A of FSMA;”.
Commencement Information
I1Sch. 3 para. 56 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)