The Equivalence Determinations for Financial Services (Amendment etc.) (EU Exit) Regulations 2020

[F1Power for the FCA to establish arrangements for Article 5(7) of CRAR with third country regulators before IP completion dayU.K.

This section has no associated Explanatory Memorandum

8A.(1) Before IP completion day, the FCA may establish arrangements with a third country regulator for the purposes of Article 5(7) of CRAR;

(2) Nothing in this regulation affects the operation or scope of the FCA’s existing powers.

(3) In this regulation, “third country regulator” means a regulator, other than a regulator for the UK or a part of the UK or an EEA regulator, with functions that correspond to those of the FCA in relation to CRAR.]

Textual Amendments

Commencement Information

I1Reg. 8A in force at 27.11.2020, see reg. 1(3) (as inserted by S.I. 2020/1385, regs. 1(2), 70(2))