The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 No. 1376

PART 2 U.K. Amendment of Primary Legislation and Northern Ireland Legislation

Banking (Special Provisions) Act 2008 U.K.

7.—(1) Section 15 (interpretation) of the Banking (Special Provisions) Act 2008(1) is amended as follows.

(2) In subsection (1), after the definition of “pension scheme” insert—

““PRA Rulebook” means the rulebook published by the Prudential Regulation Authority containing rules made by that Authority under FSMA 2000 as that rulebook has effect on 1 January 2022;”.

(3) In subsection (2), for “Title 1 of Part Two of Regulation (EU) No. 575/2013 of the European Parliament and of the Council” substitute “Title 1 of Part Two of Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook”.

Commencement Information

I1 Reg. 7 in force at 1.1.2022, see reg. 1(3)

(1)

2008 c. 2; section 15(2) was amended by S.I. 2013/3115.