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[F1PART 9DU.K.Prudential regulation of credit institutions etc

Textual Amendments

InterpretationU.K.

144ACRR rulesU.K.

(1)In this Act, “CRR rules” means rules of a type described in subsection (2) to the extent that they make provision about a matter described in subsection (3).

(2)The types of rules are—

(a)general rules made, or to be made, by the PRA applying to CRR firms or a description of CRR firm;

(b)rules made, or to be made, under section 192XA.

(3)The matters are any matter that is the subject of—

(a)a relevant provision of the capital requirements regulation, or

(b)a CRR Basel standard.

(4)For the purposes of subsection (3)(a), a provision is “relevant” if—

(a)it has been or may be revoked by regulations made under section 3(1) of the Financial Services Act 2021, or

(b)it has been revoked by regulations made under section 3(3) or (5) of that Act.

(5)In subsection (3)—

(a)the reference to a matter that is the subject of a provision of the capital requirements regulation includes a matter that is the subject of an instrument made under the provision, and

(b)the reference to a matter that is the subject of a CRR Basel standard includes such a matter as it relates to any CRR firm (even where the standard in question does not apply to all CRR firms).

144BTerms used in this PartU.K.

(1)In this Part—

(2)In this Part, references to instruments made under the capital requirements regulation include EU tertiary legislation made under that regulation which forms part of retained EU law.]