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The Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 266
- PART 8
- CHAPTER 5
- Regulation 49
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49.—(1) In this Part—
“advance application” means an application submitted during the period—
(a)
beginning with the day on which this Part comes into force, and
(b)
ending immediately before exit day;
“working day” means a day other than—
(a)
a Saturday or a Sunday,
(b)
Christmas Day or Good Friday, or
(c)
a day which is a bank holiday under the Banking and Financial Dealings Act 1971(1) in any part of the United Kingdom.
(2) In this Part, reference to a group of undertakings means a group consisting of—
(a)a parent undertaking and its subsidiaries, within the meaning of Articles 1 and 2 of Directive 83/349/EEC of 13 June 1983(2), and
(b)undertakings linked to each other by a relationship mentioned in Article 12.1(a) or (b) of that Directive, whose occupation includes the issuing of credit ratings.
(1)
1971 c. 80; amended by section 1 of the St Andrew’s Day Bank Holiday (Scotland) Act 2007 (asp 2).
(2)
O.J. L 193, 18.7.1983, p.1.
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