PART 2Amendments to the Act
CHAPTER 6Part 9A of the Act: rules and guidance
Section 137J (rules about recovery plans: duty to consult)I135
a
for the definition of “institution” substitute—
“institution” means—
a
a credit institution, other than an entity mentioned in Article 2.5 of the capital requirements directive; or
b
an investment firm as defined in Article 4.1(2) of the capital requirements regulation that is subject to the initial capital requirement specified in rules made by a regulator for the purpose of implementing Article 28(2) of the capital requirements directive;
b
in the definition of “institution authorised in the UK”, for “an institution which is an authorised person and” substitute “
an authorised person who is
”
.