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The Capital Requirements Regulations 2013

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The Capital Requirements Regulations 2013, Paragraph 44 is up to date with all changes known to be in force on or before 30 October 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Counter-Terrorism Act 2008U.K.

This section has no associated Explanatory Memorandum

44.—(1) Schedule 7 to the Counter-Terrorism Act 2008 M1 (terrorist financing and money laundering) is amended as follows.

(2) In paragraph 5 (meaning of “credit institution” and “financial institution”)—

(a)in sub-paragraph (1), for “Article 4(1) of the banking consolidation directive” substitute “ Article 4(1)(1) of the capital requirements regulation ”; and

(b)in sub-paragraph (2)(a) for “banking consolidation directive” substitute “ capital requirements directive ” in each place where it appears.

(3) In paragraph 7 (interpretation of this Part)—

(a)omit the definition of “the banking consolidation directive”; and

(b)insert at the relevant place—

the capital requirements directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 relating to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC;

the capital requirements regulation” means Regulation (EU) No. 575/2013 of the European Parliament and of the Council;”.

(4) In paragraph 46 (index of defined expressions)—

(a)omit the entry for “banking consolidation directive”;

(b)insert the following entries at the appropriate place—

expressionprovision
the capital requirements directiveparagraph 7
the capital requirements regulationparagraph 7

Marginal Citations

M12008 c. 28. Schedule 7 was amended by the Terrorist Asset-Freezing etc. Act 2010 c.38 and S.I. 2011/99.

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