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The Capital Requirements Regulation (Amendment) Regulations 2021
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- UK Statutory Instruments
- 2021 No. 1078
- Regulation 12
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The Capital Requirements Regulation (Amendment) Regulations 2021, Section 12 is up to date with all changes known to be in force on or before 04 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Regulation 12:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Part Ten: transitional provisions, reports, reviews and amendmentsU.K.
This section has no associated Explanatory Memorandum
12.—(1) Part Ten (comprising Articles 465 to 520) (transitional provisions, reports, reviews and amendments) is amended as follows.
(2) Omit Article 469 (transitional provisions: deductions from Common Equity Tier 1 items).
(3) Omit Article 492(1) (transitional provisions for disclosure of own funds).
(4) Omit Article 493(2) (transitional provisions for large exposures).
(5) In Article 497(3) (own funds requirements for exposures to CCPs), in paragraph 3, for “once, by 12 months,” substitute “by 12 months on each occasion”.
[F1(5A) Omit Articles 499 (leverage), 500b (temporary exclusion of certain exposures to central banks from the total exposure measure in view of the COVID-19 pandemic) and 500d (temporary calculation of the exposure value of regular-way purchases and sales awaiting settlement in view of the COVID-19 pandemic).]
(6) Omit Article 501b(4) (derogation from reporting requirements in Article 430).
Textual Amendments
F1Reg. 12(5A) inserted (8.12.2021) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(2), 32(6)
Commencement Information
(1)
Article 492 was amended by S.I. 2018/1401 and is prospectively amended by paragraph 47 of Schedule 1 to the Financial Services Act 2021.
(2)
Article 493 was amended by S.I. 2018/1401, 2019/264 and 2021/558.
(3)
Article 497(3) was amended by S.I. 2019/1232.
(4)
Article 501b was amended by S.I. 2019/1232.
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