[192O Interpretation]

[Part 12B Approval of Certain Holding Companies]

[Interpretation]

[[192O  Interpretation]

[(1)     In this Part—

“consolidated basis” has the meaning given in Article 4(1)(48) of the capital requirements regulation;

“designated investment firm” means an investment firm which is for the time being designated by the PRA under article 3 of the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013;

“Directive 2013/36/EU UK law” means—

(a)     before IP completion day, the law of the United Kingdom which is relied on by the United Kingdom to implement the capital requirements directive and its implementing measures (“the relevant EU provisions”); and

(b)     after IP

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