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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 January 2020 - onwards
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21H. Interpretation of sections 21D to 21G

(1) The references in sections 21D to 21G -

(a) to a business in the regulated sector, and

(b) to a supervisory authority,

are to be construed in accordance with Schedule 3A.

(2) In those sections -

"credit institution" has the same meaning as in Schedule 3A;

"financial institution"  means an undertaking that carries on a business in the regulated sector by virtue of any of paragraphs (b) to (i) of paragraph 1(1) of that Schedule.

(3) References in those sections to a disclosure by or to a credit institution or a financial institution include disclosure by or to an employee, officer or partner of the institution acting on its behalf.

(4) For the purposes of those sections a country or territory imposes "equivalent money laundering requirements" if it imposes requirements equivalent to those laid down in Directive 2015/849/EU of the European Parliament and of the Council of 20th May 2015 [OJ No L 141, 05.06.15, p. 73.] on the prevention of the use of the financial system for the purpos

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