Financial Services Act 2021 (c. 22)

SCHEDULES

SCHEDULE 1 Exclusion of certain investment firms from the Capital Requirements Regulation: consequential amendments

PART 1 Amendments of the Capital Requirements Regulation

24 (1) Article 136 (mapping of ECAI’s credit assessments) is amended as follows.

(2) In paragraph 1, for “The FCA and the PRA may each” substitute “The PRA may”.

(3) In paragraph 2—

(a) for “the FCA and the PRA”, in each place it occurs, substitute “the PRA”, and

(b) in point (e), for “have” substitute “has”.

(4) In paragraph 3, for “The FCA and the PRA may each” substitute “The PRA may”.