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.