Part 1 New Part 9D of the Financial Services and Markets Act 2000
Financial Services Act 2021 (2021 c 22) | Legislation

SCHEDULE 3 Prudential regulation of Credit Institutions etc

Section 5

Part 1 New Part 9D of the Financial Services and Markets Act 2000

1

In the Financial Services and Markets Act 2000, after Part 9C (inserted by Schedule 2 to this Act) insert—

“Part 9D
Prudential regulation of Credit Institutions etc
Interpretation
144A CRR rules

(1)     In this Act, “CRR rules†means rules of a type described in subsection (2) to the extent that they make provision about a matter described in subsection (3).

(2)     The types of rules are—

(a)     general rules made, or to be made, by the PRA applying to CRR firms or a description of CRR firm;

(b)     rules made, or to be made, under section 192XA.

(3)     The matters are any matter that is the subject of—

(a)     a relevant provision of the capital requirements regulation, or

(b)     a CRR Basel standard.

(4)     For the purposes of subsection (3)(a), a provision is “relevant†if—

(a)     it has been or may be revoked by regulations made under section 3(1) of the Financial Services Act 2021, or

(b)     it has been revoked by regulations made under section 3(3) or (5) of that Act.

(5)     In subsection

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