PART 7Transitional Powers of the Financial Regulators

Interpretation197

1

In this Part—

  • “transitional direction” means a direction under regulation 198(1);

  • “relevant obligation” has the meaning given by regulation 199.

2

For the purposes of this Part, each of the following is a “regulator”—

a

the Bank of England;

b

the Prudential Regulation Authority;

c

the Financial Conduct Authority.