PART 4Amendment of retained direct EU legislation
CHAPTER 1Amendment of the Capital Requirements Regulation
Article 15 (derogation from the application of own funds requirements on a consolidated basis for groups of investment firms)75.
In Article 15 (derogation from the application of own funds requirements on a consolidated basis for groups of investment firms)—
(a)
in paragraph 1, after “this Regulation and” insert “
Directive 2013/36/EU UK law which implemented
”
;
(b)
in paragraph 1, for “EU investment firm”, in each place it occurs, substitute “
investment firm authorised in the United Kingdom
”
;
(c)
in paragraph 1, in point (d), for “parent financial holding company in a Member State” substitute “
UK parent financial holding company
”
.