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The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021
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Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021. Any changes that have already been made by the team appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 29:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market fundsU.K.
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Memorandwm Esboniadol
29.—(1) Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds(1) is amended as follows.
(2) In Article 2 (definitions), following the sentence after paragraph 40 insert—
“Any reference to the PRA Rulebook is to the rulebook published by the PRA containing rules made by that Authority under FSMA as that rulebook has effect on 1 January 2022.”.
(3) In Article 11(1)(a) (eligible securitisations and ABCPs), for “Article 13 of Commission Delegated Regulation (EU) 2015/61” substitute “Article 13 of Chapter 2 (Rules on standards for the liquidity coverage requirement for credit institutions) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook”.
(4) In Article 17(9) (diversification), for “point (f) of Article 10(1) or point (c) of Article 11(1) of Delegated Regulation (EU) 2015/61” substitute “point (f) of Article 10(1) or point (c) of Article 11(1) of Chapter 2 (Rules on standards for the liquidity coverage requirement for credit institutions) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook”.
Commencement Information
I1Reg. 29 in force at 1.1.2022, see reg. 1(3)
(1)
EUR 2017/1131, amended by S.I. 2019/394.
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