Amendment of the Capital Requirements Regulations 2013U.K.
This section has no associated Explanatory Memorandum
7. In regulation 34 of the Capital Requirements Regulations 2013(1)—
(a)in paragraph (3)—
(i)at the end of sub-paragraph (b), insert “and”;
(ii)at the end of sub-paragraph (c), omit “and”;
(iii)omit sub-paragraph (d);
(b)after paragraph (3), insert—
“(3A) In making the assessment required by paragraph (3), the FCA must also take into account their assessment of systemic risk.”
Commencement Information
I1Reg. 7 in force at 29.11.2020, see reg. 1(4)
(1)
S.I. 2013/3115, amended by S.I. 2018/1401.