Part 3 Minor and Consequential Amendments
Financial Services Act 2021 (2021 c 22) | Legislation

Part 3 Minor and Consequential Amendments

Bank of England Act 1998 (c 11)

9

(1)     Section 9H of the Bank of England Act 1998 (directions to FCA or PRA requiring macro-prudential measures) is amended as follows.

(2)     In subsection (2) (definition of “regulated personâ€), for paragraph (b) substitute—

“(b)     in relation to the PRA—

(i)     a PRA-authorised person within the meaning of that Act, or

(ii)     a financial holding company or mixed financial holding company that is approved under section 192R of that Act or designated under section 192T(2)(c) of that Act.â€

(3)     At the end insert—

“(12)     In this section—

“the Capital Requirements Regulation†means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms;

“financial holding company†has the meaning given in Article 4(1)(20) of the Capital Requirements Regulation;

“m¾±³æ±ð»å

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