PART 2Amendments to the Act
CHAPTER 17Part 29 of the Act: interpretation of the Act
Section 422A (disregarded holdings)88
In section 422A146 (disregarded holdings)—
a
in subsection (4)—
i
in paragraph (a)147, for the words from “article 4.1.7” to “directive” substitute “article 2.1.6 of the markets in financial instruments regulation”;
ii
for paragraph (b), substitute—
b
has a Part 4A permission to carry on one or more investment services and activities;
b
in subsection (5), for “credit institution” substitute “qualifying credit institution”;
c
in subsection (6)—
i
in the opening words and in paragraph (b), for “credit institution” substitute “qualifying credit institution”;
ii
in paragraph (a)(ii), omit the words from “in accordance with” to the end;
d
in subsection (7)148, for “Article 2.1(b) of the UCITS Directive” substitute “section 237(2)”;
e
in subsection (9A)149, for the words from “Commission” to “financial instruments” substitute “the market abuse regulation and Commission Delegated Regulation (EU) No. 1052/2016 of 8 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and the Council with regard to the regulatory technical standards for conditions applicable to buy-back programmes and stabilisation measures”;
f
omit subsection (10)150.