PART 4 U.K. Amendment of retained direct EU legislation

CHAPTER 1 U.K. Amendment of the Capital Requirements Regulation

Article 422 (outflows on other liabilities) U.K.

183.—(1) Article 422 (outflows on other liabilities) is amended as follows.

(2) In paragraph 2(d), for “the central government” to “branch, or” substitute “ the central government of the United Kingdom, a public sector entity of the United Kingdom or ”.

(3) In paragraphs 3 and 5, for “a Deposit Guarantee Scheme in accordance with Directive 94/19/EC” substitute “ the UK deposit guarantee scheme ”.

(4) In paragraph 3, omit point (b).

(5) In paragraph 4, omit the second sub-paragraph.

(6) In paragraph 8—

(a) in point (a)(ii), for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC” substitute “ common management relationship ”;

(b) omit point (a)(iii);

(c) in point (d), for “same Member State” substitute “ United Kingdom ”.

(7) Omit paragraph 9.

(8) Omit paragraph 10.

Commencement Information

I1 Reg. 183 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)