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The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014
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- UK Statutory Instruments
- 2014 No. 894
- PART 5
- Regulation 31
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The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014, Section 31 is up to date with all changes known to be in force on or before 03 January 2025. 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.
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Changes and effects yet to be applied to Regulation 31:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Identification of O-SIIsU.K.
This section has no associated Explanatory Memorandum
31.—(1) In order to assess whether a [F1particular group or body] (“the [F2relevant institution] ”) is an O-SII, the PRA must base its assessment on the systemic importance of the [F2relevant institution] on an individual, sub-consolidated or consolidated basis.
(2) The assessment of systemic importance must include a consideration of one or more of the following criteria—
(a)the size of the [F3relevant institution];
(b)the importance of the [F3relevant institution] to economy of the United Kingdom F4...;
(c)the significance of the [F5relevant institution’s] cross-border activities; and
(d)the interconnectedness of the [F3relevant institution], or [F6, in the case of an institution,] the group to which it belongs, with the financial system.
Textual Amendments
F1Words in reg. 31(1) substituted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 57(a)(i) (as substituted by S.I. 2020/1406, regs. 1(2), 17(2))
F2Words in reg. 31(1) substituted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 57(a)(ii) (as substituted by S.I. 2020/1406, regs. 1(2), 17(2))
F3Words in reg. 31(2) substituted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 57(b)(i) (as substituted by S.I. 2020/1406, regs. 1(2), 17(2))
F4Words in reg. 31(2)(b) omitted (31.12.2020) by virtue of The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 57(b)(ii) (as substituted by S.I. 2020/1406, regs. 1(2), 17(2) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F5Words in reg. 31(2)(c) substituted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 57(b)(iii) (as substituted by S.I. 2020/1406, regs. 1(2), 17(2))
F6Words in reg. 31(1)(d) inserted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 57(b)(iv) (as substituted by S.I. 2020/1406, regs. 1(2), 17(2))2))
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