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The Capital Requirements Regulations 2013

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Status:

Point in time view as at 31/12/2020. This version of this provision has been superseded.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 31 October 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

[F1Main provisions of the capital requirements regulation and Directive 2013/36/EU UK law]U.K.

This section has no associated Explanatory Memorandum

4.  For the purposes of [F2every provision of Directive 2013/36/EU UK law and the] capital requirements regulation—

[F3(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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