The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020

Amendment of the Capital Requirements Regulations 2013

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.”