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 amending Regulation (EU) No 648/2012 (Text with EEA relevance)
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There are currently no known outstanding effects by UK legislation for Regulation (EU) No 575/2013 of the European Parliament and of the Council,
Article 457.
[F1The Treasury may by regulations] make technical adjustment and corrections of non-essential elements in the following provisions in order to take account of developments in new financial products or activities, to make adjustments taking into account developments [F2after IP completion day in the law of the United Kingdom, or any part of it,] on financial services and accounting [F3including UK-adopted international accounting standards]:
the own funds requirements for credit risk laid down in [F4Articles 111 to 127, 129 to 131, 133, 134, 143 to 151, 153 to 157 and 159 to 191];
the effects of credit risk mitigation in accordance with Articles 193 to 241;
[F5the own funds requirements for securitisation laid down in Articles 242 to 270a;]
the own funds requirements for counterparty credit risks in accordance with Articles 272 [F6and 283 to 299];
the own funds requirements for operational risk laid down in [F7Articles 315 and 317 to 324];
the own funds requirements for market risk laid down in Articles 325 to 377;
the own funds requirements for settlement risk laid down in Articles 378 and 379;
the own funds requirements for credit valuation adjustment risk laid down in Articles 383, 384 and 386;
Editorial Information
X1Substituted by Corrigendum to 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 amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).
Textual Amendments
F1Words in Art. 457 substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 221(3)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in Art. 457 substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 221(3)(b) (with savings in S.I. 2019/680, reg. 11 and as amended (30.12.2020) by S.I. 2020/1301, regs. 1, 3, Sch. para. 11(i)); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in Art. 457 substituted (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 27(6); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in Art. 457(a) substituted (1.1.2022) by The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(a)
F5Substituted by Regulation (EU) 2017/2401 of the European Parliament and of the Council of 12 December 2017 amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms.
F6Words in Art. 457(d) substituted (1.1.2022) by The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(b)
F7Words in Art. 457(e) substituted (1.1.2022) by The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(c)
F8Words in Art. 457(i) omitted (1.1.2022) by virtue of The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(d)
F9Words in Art. 457(i) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 221(3)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
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