Application provision

1.1 This Part applies to a BRRD undertaking which is:

  1. (1) a CRR firm;
  2. (2) a financial holding company whose registered office or, if the financial holding company does not have a registered office, whose head office is in the United Kingdom; or
  3. (3) a mixed financial holding company whose registered office or, if the mixed financial holding company does not have a registered office, whose head office is in the United Kingdom.

3.1

01/06/2016

From 1 June 2016 this Part applies in relation to a third-country law financial arrangement under 2.1 where a direct or indirect counterparty is:

  1. (1) a credit institution;
  2. (2) an investment firm; or
  3. (3) an undertaking which would be an investment firm if it had its head office in an EEA State.

3.2

01/06/2016

From 1 January 2017 this Part applies in relation to all third-country law financial arrangements under 2.1 other than those to which the sole counterparty is an excluded person.