2. For the purpose of determining capital requirements under Regulation (EU) 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (“CRR”), to determine whether an EEA state applies—U.K.
(a)prudential supervisory and regulatory requirements at least equivalent to those applied in the United Kingdom, for the purposes of [F1Articles 107(3) and 391] of CRR;
(b)supervisory and regulatory arrangements at least equivalent to those applied in the United Kingdom, for the purposes of Articles 114(7), 115(4), 116(5), 132(3) and 142(2) of CRR.
Textual Amendments
F1Words in Sch. 1 para. 2(a) substituted (30.6.2020) by The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2020 (S.I. 2020/628), regs. 1(2), 11(5)(a)
Commencement Information
I1Sch. 1 para. 2 in force at 12.3.2019, see reg. 1(3)