63.—(1) The Credit Institutions (Reorganisation and Winding Up) Regulations 2004(1) are amended as follows.
(2) In regulation 2(1) (interpretation)(2)—
(a)omit the definition of “banking consolidation directive”;
(b)in the appropriate place insert—
““capital requirements directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 relating to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC;
“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 and amending Regulation (EU) No. 648/2012;”;
(c)in the definition of “branch” for “Article 4(3) of the banking consolidation directive” substitute “Article 4(1)(17) of the capital requirements regulation”;
(d)for the definition of “EEA credit institution” substitute—
““EEA credit institution” means an EEA undertaking, other than a UK credit institution, of the kind mentioned in Article 4(1)(1) and 4(1)(17) of the capital requirements regulation and subject to the exclusion of the undertakings referred to in Article 2(5)(2) to (23) of the capital requirements directive;”;
(e)in the definition of “EEA regulator” for “Article 4(4) of the banking consolidation directive” substitute “Article 4(1)(40) of the capital requirements regulation”.
(3) In regulation 5(6) (reorganisation measures and winding-up proceedings in respect of EEA credit institutions effective in the United Kingdom)(3), in the definition of “relevant EEA state”, for “Article 6 of the banking consolidation directive” substitute “Article 8 of the capital requirements directive”.
Regulation 2(1) was amended by S.I. 2006/3221 and S.I. 2011/99. There are other amendments not relevant to these Regulations.
Regulation 5(6) was amended by S.I. 2006/3221.