Part 2 PRA's Powers in Relation to Certain Holding Companies
Financial Services Act 2021 (2021 c 22) | Legislation

Part 2 PRA's Powers in Relation to Certain Holding Companies

2

Part 12B of the Financial Services and Markets Act 2000 (approval of certain holding companies by the PRA) is amended as follows.

3

Before section 192O insert—

â€Àá²Ô³Ù±ð°ù±è°ù±ð³Ù²¹³Ù¾±´Ç²Ôâ€

4

(1)     Section 192O(1) (interpretation) is amended as follows.

(2)     Omit the definition of “section 192V rulesâ€.

(3)     After that definition insert—

““section 192XA rules†means rules made under section 192XA;â€.

5

Before section 192P insert—

“A±è±è°ù´Ç±¹²¹±ôâ€

6

Omit section 192V (rules imposing consolidated or sub-consolidated requirements).

7

After section 192X insert—

â€Áè³Ü±ô±ð²õâ€
192XA Rules applying to holding companies

(1)     The PRA may make rules described in subsection (2) applying to financial holding companies and mixed financial holding companies that are—

(a)     approved under section 192R, or

(b)     designated under section 192T(2)(c),

where it appears to the PRA to be necessary or expedient to make the rules for the purpose of advancing any of its objectives.

(2)     Those rules are—

(a)     rules imposing requirements to be complied with by holding companies on a consolidated or sub-consolidated

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