Schedule 2, Part 3, paragraph 56(2)

In regulation 2 (establishment of a branch: contents of consent notice)— in paragraph (3)— in sub-paragraph (c), for “Section 1 of Chapter 2 of Title V to the banking consolidation directive” substitute “ Article 4(1)(118) of the capital requirements regulation ”; for sub-paragraph (d) substitute— the own funds requirements under Article 92 of the capital requirements regulation of that institution. in paragraph (4) — in sub-paragraph (c), for “Section 1 of Chapter 2 of Title V to the banking consolidation directive” substitute “ Article 4(1)(118) of the capital requirements regulation ”; for sub-paragraph (d) substitute— the own funds requirements under Article 92 of the capital requirements regulation of the firm's parent undertaking.

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Source: legislation.gov.uk · retrieved 2026-09-04