Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThis
Section
only
Status:
Point in time view as at 31/12/2020. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
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.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
[Main 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 [every provision of Directive 2013/36/EU UK law and the] capital requirements regulation—
[(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.
Back to top