Financial Services Act 2021 (c. 22)

SCHEDULES

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

PART 1 U.K. Amendments of the Capital Requirements Regulation

35 (1) Article 304(5) (treatment of clearing members' exposure to clients) is amended as follows. U.K.

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

(3) In the second subparagraph, for “the FCA or the PRA (as the case may be)” substitute “ the PRA ”.

Commencement Information

I1 Sch. 1 para. 35 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)