PART 3Designation of competent authorities

F2Main provisions of the capital requirements regulation and Directive 2013/36/EU UK law4

For the purposes of F3every provision of Directive 2013/36/EU UK law and the capital requirements regulation—

F1a

the PRA is responsible for—

i

all the functions of a competent authority in respect of PRA-authorised persons and financial holding companies and mixed financial holding companies approved or designated by the PRA under—

aa

Part 12B of FSMA, or

bb

regulation 5 of the Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020;

ii

the application of Article 124(2) and Article 164(6) of the capital requirements regulation;

F4b

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