1 The Capital Requirements Regulation is amended as follows.
(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
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