33ANE.— (1) For the purposes of this section, "designated entity" F378[shall not include any regulated financial service provider but, subject to that,] shall include the following:

(a) a financial holding company;

(b) a mixed financial holding company;

(c) a mixed-activity holding company;

(d) a parent financial holding company in a Member State;

(e) a parent mixed financial holding company in a Member State;

(f) a parent undertaking of an institution;

(g) a Union branch;

(h) a Union parent financial holding company;

(i) a Union parent mixed financial holding company.

(2) This Part applies in relation to—

(a) the commission or suspected commission by a designated entity of a contravention of—

(i) a provision of the Bank Recovery and Resolution Regulations,

(ii) any direction given to a designated entity under a provision of the Regulations referred to in subparagraph (i),

(iii) any requirement imposed on a designated entity under a provision of the Regulations referred to in subparagraph (i) or under any direction given to a designated entity under a provision of those Regulations, or

(iv) any obligation imposed on a designated entity by this Part or imposed by the Bank pursuant to a power exercised under this Part,

and

F379[(b) participation by a person, while concerned in the management of a designated entity, in the commission by the designated entity of such a contravention.]

(3) For the purposes of this section—

(a) a reference in this Part to a regulated financial service provider or a financial service provider includes a reference to a designated entity,

(b) a reference in this Part to a prescribed contravention includes a reference to a contravention, by a designated entity of a provision, direction, requirement or obligation referred to in subsection (2), and

F379[(c) a reference in this Part to performing a controlled function in relation to a regulated financial service provider includes a reference to being concerned in the management of a designated entity.]

(4) F380[…]

(5) In this section—

(a) "Bank Recovery and Resolution Regulations" means the European Union (Bank Recovery and Resolution) Regulations 2015 (S.I. No. 289 of 2015);

(b) "financial holding company", "mixed financial holding company", "mixed-activity holding company", "parent financial holding company in a Member State", "parent mixed financial holding company in a Member State", "parent undertaking", "Union branch", "Union parent financial holding company" and "Union parent mixed financial holding company" have the meanings assigned to them, respectively, in the Bank Recovery and Resolution Regulations.]