[F1Saving for permissions granted under the Capital Requirements RegulationU.K.
15.—(1) Where the effect of these Regulations is to revoke Articles of the Capital Requirements Regulation listed in column 1 of Table 1, any permission granted under an Article listed in column 1 of that Table has effect as if granted under the rule of the PRA Rulebook listed in column 2 of the same row of that Table.
Table 1
| Capital Requirements Regulation | PRA Rulebook |
|---|---|
| Article 385 | Article 385 of Chapter 3 of the Credit Valuation Adjustment Risk (CRR) Part |
| Article 422(8) | Article 422(8) of Chapter 4 of the Liquidity (CRR) Part |
| Article 425(1) | Article 425(1) of Chapter 4 of the Liquidity (CRR) Part |
| Article 425(4) | Article 425(4) of Chapter 4 of the Liquidity (CRR) Part |
| Article 396(1), paragraph 1 | Article 396(1), paragraph 1 of Chapter 4 of the Large Exposures (CRR) Part |
| Article 396(1), paragraph 2 | Article 396(1), paragraph 2 of Chapter 4 of the Large Exposures (CRR) Part |
| Article 400(2)(c) | Article 400(2)(c) of Chapter 4 of the Large Exposures (CRR) Part |
| Article 400(2)(g) | Article 400(2)(g) of Chapter 4 of the Large Exposures (CRR) Part |
| Article 400(2)(h) | Article 400(2)(h) of Chapter 4 of the Large Exposures (CRR) Part |
| Article 429(7) | Article 429a(1)(c) of Chapter 3 of the Leverage Ratio (CRR) Part |
| Article 429(14) | Article 429a(1)(j) of Chapter 3 of the Leverage Ratio (CRR) Part |
(2) Where the effect of these Regulations is to revoke Articles of Commission Delegated Regulation (EU) 2015/61 listed in column 1 of Table 2, any permission granted under an Article listed in column 1 of that Table has effect as if granted under the rule of the PRA Rulebook listed in column 2 of the same row of that Table.
Table 2
| Commission Delegated Regulation (EU) 2015/61 | PRA Rulebook |
|---|---|
| Article 8(3) | Article 8(3) of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 12(3) | Article 12(3) of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 17 | Article 17 of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 26 | Article 26 of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 29 | Article 29 of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 33(2) | Article 33(2) of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 33(3) | Article 33(3) of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 33(4) | Article 33(4) of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
| Article 34(1) | Article 34(1) of Chapter 2 of the Liquidity Coverage Ratio (CRR) Part |
(3) In this regulation, “PRA Rulebook” means the rulebook published by the Prudential Regulation Authority containing rules made by that Authority under the Financial Services and Markets Act 2000 as that rulebook has effect on 1 January 2022.]
Textual Amendments
F1Regs. 14, 15 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(8)
Commencement Information
I1Reg. 15 in force at 1.1.2022, see reg. 1(1)