Regulation 4

Introductory provisions

1.

(1) Article 2(1) (interpretation of Order) is amended as follows.

(2) Omit the definition of "another EEA State".

(3) In the definition of "appropriate regulator" in paragraph (a) for "Article 111 of the capital requirements directive" substitute "Part 6 of the Capital Requirements Regulations 2013 [S.I. 2013/3115.] ".

(4) Omit the definition of "college".

(5) For the definition of "competent authority" substitute -

""competent authority" means the supervisor of an authorised person under FSMA;".

(6) After the definition of "competent authority" insert -

""conditions for early intervention" means where -

(a) an institution infringes the requirements of -

(i) the capital requirements regulation;

(ii) legislation upon which the United Kingdom rel ied immediately before IP completion day to meet its obligations with respect to the capital requirements directive;