SCHEDULES
SCHEDULE 3

Prudential regulation of credit institutions etc
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 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.
Sch. 3 para. 9 in force at 9.6.2021 by S.I. 2021/671, reg. 2(d)