Regulation 2 InterpretationI1
United Kingdom
In these Regulations—
“Capital Requirements Regulation”f1 has the meaning given in paragraph 30(4) of Schedule 19,
F1“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 17 August 2022,
“relevant requirement” means—
- (a)
- (b)
a requirement imposed under article 92 F2... of the Capital Requirements Regulation,
- (c)
in relation to requirements imposed by an authority in exercise of its regulatory functions under the law of a country or territory outside of the United Kingdom, a requirement imposed under a comparable scheme for a comparable purpose to paragraph (a) or (b) within that country or territory, and
“Schedule 19” means Schedule 19 to the Finance Act 2011.
Annotations
Textual amendments
- F1
Words in reg. 2 inserted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 17(2) (with regs. 24-26)
- F2
Words in reg. 2 omitted (1.1.2026) by virtue of The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 (S.I. 2025/1333), regs. 1(2), 5
Commencement
- I1
Reg. 2 in force at 22.11.2020, see reg. 1(1)
Footnotes
- f1
-
OJ No. L 176, 27.6.2013, p 1. This Regulation has been amended by S.I. 2018/1401 and 2019/1232 with effect from immediately before IP completion day so do not yet have effect. IP completion day is defined in section 39 of the European Union (Withdrawal Agreement) Act 2020 (c. 1).
- f2
-
2009 c. 1. Section 3A was inserted by article 6 of S.I. 2014/3329 and amended by article 5 of S.I. 2016/1239.
- f3
-
S.I. 2014/3348. Part 9 was amended by regulation 41 of S.I. 2016/1239. Part 9 has been amended by regulations 66 to 82 of S.I. 2018/1394 with effect from immediately before IP completion day so do not yet have effect.