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The Capital Requirements Regulations 2013

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Changes over time for: Section 4

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Version Superseded: 31/12/2020

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Point in time view as at 27/11/2020. This version of this provision has been superseded. Help about Status

Changes to legislation:

The Capital Requirements Regulations 2013, Section 4 is up to date with all changes known to be in force on or before 06 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Main provisions of the capital requirements directive and capital requirements regulationU.K.

This section has no associated Explanatory Memorandum

4.  For the purposes of every provision of the capital requirements directive and capital requirements regulation—

[F1(a)the PRA is responsible for—

(i)all the functions of a competent authority in respect of PRA-authorised persons and financial holding companies and mixed financial holding companies approved or designated by the PRA under—

(aa)Part 12B of FSMA, or

(bb)regulation 5 of the Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020;

(ii)the application of Article 124(2) and Article 164(6) of the capital requirements regulation;]

(b)the FCA is responsible for all the functions of a competent authority in respect of any other person.

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