Moved by
Lord Deighton
17: Clause 26, page 41, line 9, at end insert—
“(3A) The Treasury may by order provide that authorised persons falling within any of the following descriptions are “relevant authorised persons” for the purposes of this Part—
(a) non-UK institutions (or non-UK institutions of a specified description) that are credit institutions;
(b) non-UK institutions that are investment firms of a specified description.
“Specified” means specified in the order.
(3B) If the Treasury propose to make an order under subsection (3A) they must consult—
(a) the FCA,
(b) the PRA,
(c) any organisations that appear to them to be representative of interests substantially affected by the proposals, and
(d) any other persons that they consider appropriate.”
18: Clause 26, page 41, line 12, at end insert—
“( ) “non-UK institution” means an institution that is not a UK institution;
( ) “credit institution” means any credit institution as defined in Article 4.1(1) of Regulation (EU) No 575/2013 of the European Parliament and of the Council;”