SCHEDULES

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

PART 1Amendments of the Capital Requirements Regulation

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(1)

Article 304(5) (treatment of clearing members’ exposure to clients) is amended as follows.

(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”.