This section has no associated Explanatory Memorandum
3. In section 3M (directions relating to consolidated supervision of groups) M1, in subsection (3)—U.K.
(a)in paragraph (a) for “banking consolidation directive” substitute “ capital requirements directive ” and
(b)omit paragraph (c).
Marginal Citations
M1Section 3M was inserted by the Financial Services Act 2012, section 6.