PART 2Amendments to the Act
CHAPTER 8Part 12 of the Act: control over authorised persons
Section 191G (interpretation of Part 12)I156
In section 191G M1 (interpretation), in subsection (1)—
a
omit the definition of “credit institution”M2;
b
in the definition of “UK authorised person”, in paragraph (b), after “Schedule 5” insert “
, or a person treated as having a Part 4A permission to carry on a regulated activity by virtue of regulation 71 of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
”
M3
.
F1c
in the appropriate place, insert—
“qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before IP completion day to implement the capital requirements directive.