F1PART 9DPrudential regulation of credit institutions etc

Annotations:
Amendments (Textual)
F1

Pt. 9D repealed (1.1.2024 for the repeal of s. 144H(2)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 4 (with ss. 1(4), 7(4)); S.I. 2023/779, reg. 5(e)(iii)

Interpretation

144ACRR rules

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it has been revoked by regulations made under section 3(3) or (5) of that Act.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