PART 4Amendment of retained direct EU legislation
CHAPTER 4Amendment of Liquidity Commission Delegated Regulation
Article 33 (cap on inflows)247
In Article 33 (cap on inflows)—
a
in paragraph 2(a), for “relationship within the meaning of Article 12(1) of Directive 83/349/EEC” substitute “common management relationship”;
b
in paragraph 2(b), omit “or (7)”;
c
for paragraph (4)(b), substitute—
b
an activity that immediately before exit day would have amounted to consumer credit for the purposes of Directive 2008/48/EC.
d
paragraph 5, in the second sub-paragraph—
i
omit the first sentence;
ii
for “EBA shall publish” substitute “PRA must publish”;
iii
omit the final sentence.