Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisorU.K.
This section has no associated Explanatory Memorandum
74.—(1) Article 133 (application and interpretation of Chapter 4 of Part 9) is amended as follows.
(2) In paragraph (2)—
(a)omit “ “four month period, ”;
(b)for the definition of “group institution” substitute—
““group institution” means an institution, other than a mortgage credit institution within the meaning given in Chapter 1, that—
(a)is authorised by the PRA or FCA and
(b)forms part of a relevant group;”.
(3) Omit the definitions of “non-UK institution” and “UK institution”.
Commencement Information
I1Sch. 3 para. 74 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)