Part Ten: transitional provisions, reports, reviews and amendmentsU.K.
12.—(1) Part Ten (comprising Articles 465 to 520) (transitional provisions, reports, reviews and amendments) is amended as follows.
(2) Omit Article 469 (transitional provisions: deductions from Common Equity Tier 1 items).
(3) Omit Article 492(1) (transitional provisions for disclosure of own funds).
(4) Omit Article 493(2) (transitional provisions for large exposures).
(5) In Article 497(3) (own funds requirements for exposures to CCPs), in paragraph 3, for “once, by 12 months,” substitute “by 12 months on each occasion”.
[F1(5A) Omit Articles 499 (leverage), 500b (temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic) and 500d (temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic).]
(6) Omit Article 501b(4) (derogation from reporting requirements in Article 430).
Textual Amendments
F1Reg. 12(5A) inserted (8.12.2021) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(2), 32(6)
Commencement Information
Article 492 was amended by S.I. 2018/1401 and is prospectively amended by paragraph 47 of Schedule 1 to the Financial Services Act 2021.
Article 493 was amended by S.I. 2018/1401, 2019/264 and 2021/558.
Article 497(3) was amended by S.I. 2019/1232.
Article 501b was amended by S.I. 2019/1232.