The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019

Conditions to be satisfied for regulation 28 to apply U.K.

30.  The conditions are—

(a) the person is a body corporate which, immediately before [F1 IP completion day]—

(i) is incorporated under the law of any part of the United Kingdom, and

(ii) is included within a group of undertakings which comprises a credit rating agency registered under Chapter 1 of Title 3 to the CRA Regulation;

(b) the person has—

(i) submitted an advance application in accordance with regulation 24, and

(ii) not been notified by the FCA of its decision in respect of the application in accordance with regulation 26(4).

Textual Amendments

F1 Words in reg. 30 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 11(b)

Commencement Information

I1 Reg. 30 in force at 14.2.2019, see reg. 1(2)