S.L. 371.22 Art. 2Interpretation. Cap. 371.

(1) In these regulations, unless the context otherwise requires -

"the Act" means the Banking Act;

"ancillary services undertaking" shall have the same meaning as that assigned to it in point (18) of Article 4(1) of the CRR;

"consolidated situation" shall have the same meaning as that assigned to it in point (47) of Article 4(1) of the CRR;

"EU parent investment firm" shall have the same meaning as that assigned to it in point (29b) of the CRR;

"European regulatory authority" means an authority which is situated in a country or territory outside Malta that is a Member State and is empowered by law or regulation to supervise investment firms or credit institutions;

"financial institution" shall have the same meaning as that assigned to it in point (26) of Article 4(1) of the CRR and shall include the entities referred to in points (3) to (24) of Article 2(5) of the CRD;

"parent credit institution" shall have the same meaning as that assigned to the term "parent credit institution in a Member State" in point (29c) of the CRR;

"parent investment firm" shall have the same meaning as that assigned to the term "parent investment firm in a Member State" in point (29a) of the CRR;

*See Legal Notice 36 of 2022. (CREDIT INSTITUTIONS)

"participation" shall have the same meaning as that assigned to it in point (35) of Article 4(1) of the CRR;

"third country regulatory authority" means an authority which is in a country or territory that is not a Member State and is empowered by law or regulation to supervise credit institutions.

(2) Words and expressions which are also used in the Act shall have the same meaning as assigned to them in the Act:

Provided that, in accordance with article 2(1A) of the Act, for the purposes of applying the requirements and supervisory powers laid down in these regulations on a consolidated or sub-consolidated basis in accordance with the Act and any regulations and Banking Rules made or issued thereunder transposing the CRD, with any binding legal instruments issued under the CRD and with the CRR, the terms "institution", "EU parent institution" and "parent undertaking" shall also include the entities listed in paragraphs (a),

(b) and (c) of article 2(1A) of the Act:

Provided further that, for the purposes of applying the requirements and supervisory powers laid down in regulations 6(3), 9(5), 10(2), (3) and (8), 11(1), 13(1), (4) and (6), 14, 15, 17, 18(1), and 19 on a consolidated or sub-consolidated basis in accordance with the Act and any regulations and Banking Rules made or issued thereunder transposing the CRD, with any binding legal instruments issued under the CRD and with the CRR, the term "credit institution" shall also include the entities listed in paragraphs (a), (b) and (c) of article 2(1B) of the Act.