3. In section 384B(1) (companies excluded from being treated as micro entities) M1—U.K.
(a)in the opening words omit “was”;
(b)at the beginning of paragraph (a) insert “ was ”;
(c)in paragraph (b)—
(i)at the beginning insert “ would have been ”;
(ii)at the end before the comma insert “ were the United Kingdom a member State ”;
(d)in paragraph (c)—
(i)at the beginning insert “ would have been ”;
(ii)at the end before the comma insert “ were the United Kingdom a member State ”;
(e)in paragraph (d), for the words from “other than one” to the end substitute “ which is a CRR firm within the meaning of Article 4(1)(2A) of that Regulation, ”;
(f)in paragraph (e)—
(i)at the beginning insert “ would have been ”;
(ii)at the end insert “ were the United Kingdom a member State ”; and
(g)at the beginning of paragraph (f) insert “ was ”.
Commencement Information
I1Sch. 2 para. 3 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)(c)
Marginal Citations
M1Section 384B(1)(d) is amended by paragraph 1 of Schedule 1 to these Regulations.