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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2022 - onwards
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Schedule 1, Part 1 Amendments of the Capital Requirements Regulation

Section 1

1 The Capital Requirements Regulation is amended as follows.

2

(1) Article 4(1) (definitions) is amended as follows.

(2) Omit point (4) (definition of "local firm").

(3) After point (22) insert -

"(22A) 'investment holding company' means a financial institution which is not a financial holding company and whose subsidiaries -

(a) are exclusively or mainly investment firms or financial institutions, and

(b) include at least one investment firm;".

(4) In point (26) (definition of "financial institution") -

(a) after "including" insert "an investment firm,", and

(b) after "a mixed financial holding company," insert "an investment holding company,".

(5) For point (29a) substitute -

"(29a) 'UK parent investment firm' means a parent undertaking in the United Kingdom that is an investment firm;".

(6) For point (51) substitute -

"(51) 'initial capital', in relation to an institution, means the amount and types of own funds specified in rule 12.1 of the Definition of Capital Part of t

Comparing proposed amendment...