Section 3M (directions relating to consolidated supervision of groups)U.K.
This section has no associated Explanatory Memorandum
10.—(1) Section 3M (directions relating to consolidated supervision of groups) is amended as follows.
(2) In subsection (1) (which refers to supervision required in pursuance of any of the relevant directives), for “any of the relevant directives” substitute—
“(a)any implementing provision contained in subordinate legislation (within the meaning of the Interpretation Act 1978) made otherwise than by any of the following—
(i)statutory instrument, and
(ii)statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (S.I. 1979/1573 (N.I. 12)); or
(b)any other implementing provision (as amended from time to time),”.
(3) After subsection (2) insert—
“(2A) “Implementing provision” means an enactment that immediately before [IP completion day] implemented provisions of any of the relevant directives.”.
(4) In subsection (10) omit “EU obligation or any other”.
Textual Amendments
Commencement Information
Marginal Citations