The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020 No. 1406

PART 4 U.K. Capital Buffers and Macro-prudential Measures

Amendment of the Capital Requirements Regulations 2013 U.K.

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

I1 Reg. 7 in force at 29.11.2020, see reg. 1(4)

(1)

S.I. 2013/3115, amended by S.I. 2018/1401.