Financial Services Act 2021 (c. 22)

SCHEDULES

SCHEDULE 3 U.K. Prudential regulation of credit institutions etc

PART 4 U.K. Transitional provision

Carbon target U.K.

25 U.K. In relation to the making of CRR rules or section 192XA rules that are made on or before 1 January 2022—

(a) paragraph (d) of section 144C(1) of the Financial Services and Markets Act 2000 (duty to have regard to carbon target for 2050) does not apply, and

(b) section 144D(1) of that Act does not require an explanation in respect of matters specified in that paragraph.

Commencement Information

I1 Sch. 3 para. 25 in force at 9.6.2021 by S.I. 2021/671, reg. 2(d)