9(1)Section 9H of the Bank of England Act 1998 (directions to FCA or PRA requiring macro-prudential measures) is amended as follows.U.K.
(2)In subsection (2) (definition of “regulated person”), 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.”
(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;
“mixed financial holding company” has the meaning given in Article 4(1)(21) of the Capital Requirements Regulation.”
Commencement Information
I1Sch. 3 para. 9 in force at 9.6.2021 by S.I. 2021/671, reg. 2(d)