The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (revoked)

S.I. 2018/1401 · Made 19 December 2018 · Extends to United Kingdom

Contents

1. Part 1: Introduction Repealed
2. 1Citation and commencement Repealed
3. 2Interpretation Repealed
4. Part 2: Amendment of secondary legislation: European Communities Act 1972 Repealed
5. 32008 Regulations Repealed
6. 42013 Regulations Repealed
7. 52013 Reporting Regulations Repealed
8. 62014 Regulations Repealed
9. Part 3: Amendment of secondary legislation: European Union (Withdrawal) Act 2018 Repealed
10. Chapter 1: Amendment of 2008 Regulations Repealed
11. 7Amendments to the Regulated Covered Bonds Regulations 2008 Repealed
12. 8Regulation 2 (eligible property) Repealed
13. 9Regulation 41 (notification of the Commission) Repealed
14. Chapter 2: Amendment of 2013 Regulations Repealed
15. 10Amendments to the Capital Requirements Regulations 2013 Repealed
16. 11Regulation 2 (interpretation) Repealed
17. 12Regulation 2A (insertion of new paragraph) Repealed
18. 13Regulation 4 (main provisions) Repealed
19. 14Regulation 5 (capital buffers and Article 458 of the capital requirements regulation) Repealed
20. 15Regulations 6 (co-operation within the European System of Financial Supervision) to 17 (Duties to notify EBA and EIOPA) Repealed
21. 16Regulations 18 (general disclosures required of PRA and FCA) to 19 (specific disclosures required of the PRA and FCA) Repealed
22. 17Regulation 20 (determination of the consolidating supervisor) Repealed
23. 18Regulation 21 (assessment of equivalent of consolidated supervision by supervisory authorities in non-EEA states) Repealed
24. 19Regulations 22 (co-ordination and co-operation arrangements) to 33 (colleges of supervisors) Repealed
25. 20Regulation 34 (supervisory powers: own funds) Repealed
26. 21Regulations 34A and 34B (insertion of new paragraphs) Repealed
27. 22Regulation 35 (specific liquidity requirements) Repealed
28. 23Regulation 35A (insertion of new paragraphs) Repealed
29. 24Regulation 36 (employee remuneration) Repealed
30. 25Regulation 37 (diversity practices) Repealed
31. 26Regulation 38 (consultation with the EBA) Repealed
32. 27Regulation 39 (meaning of “permission” and “protected item” in this part) Repealed
33. 28Regulation 45 (misleading the PRA or FCA) Repealed
34. Chapter 3: Amendment of the 2013 Reporting Regulations Repealed
35. 29Amendments to the Capital Requirements (Country-by-Country Reporting) Regulations 2013 Repealed
36. 30Regulation 1 (citation, commencement and interpretation) Repealed
37. 31Regulation 2 (ongoing reporting obligation) Repealed
38. 32Regulation 3 (interim reporting obligation) Repealed
39. 33Regulation 5 (prior disclosure: prevention of duplication) Repealed
40. Chapter 4: Amendment of the 2014 Regulations Repealed
41. 34Amendments to the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 Repealed
42. 35Regulation 2 (interpretation) Repealed
43. 36Regulation 6 (exemption for small and medium-sized investment firms) Repealed
44. 37Chapter 1, Part 3 (designated authority and interpretation) Repealed
45. 38Regulation 7 (designated authority) Repealed
46. 39Regulation 8 (meaning of “UK institution”) Repealed
47. 40Regulation 9 (the buffer guide) Repealed
48. 41Regulation 10 (countercyclical buffer rate) Repealed
49. 42Regulation 12 (announcement of changes to the buffer rate) Repealed
50. 43Regulation 12A (insertion of new paragraph) Repealed
51. 44Regulation 14 (buffer rates for EEA exposures) Repealed
52. 45Regulation 15 (buffer rates for exposures outside the EEA) Repealed
53. 46Regulation 17 (date of application of buffer rates) Repealed
54. 47Regulation 18 (announcement of changes to buffer rates) Repealed
55. 47ARegulation 19A (institution-specific countercyclical capital buffer and holding companies) Repealed
56. 48Regulation 20 (exemption for small and medium-sized investment firms) Repealed
57. 49Regulation 21 (designated authority) Repealed
58. 50Regulation 22 (G-SIIs: location and nature) Repealed
59. 51Regulation 23 (identification methodology) Repealed
60. 52Regulation 24 (sub-categories of G-SII and corresponding buffer rates) Repealed
61. 52ARegulation 25 (re-allocation in exercise of sound supervisory judgment) Repealed
62. 53Regulation 26 (notification, publication and review) Repealed
63. 53ARegulation 27 (Appeals) Repealed
64. 54Regulation 28 (transitional provision: 1st January 2016 to 31st December 2019) Repealed
65. 55Regulation 29 (designated authority) Repealed
66. 56Regulation 30 (O-SIIs: location and nature) Not yet in force
67. 57Regulation 31 (identification of O-SIIs) Repealed
68. 58Regulation 32 (notification, publication and review) Repealed
69. 58ARegulation 33 (Appeals) Repealed
70. 59Regulation 34 (no requirement to maintain an O-SII buffer) Repealed
71. 60Part 5A (Systemic Risk Buffer) Repealed
72. 60ACombined buffer requirement Repealed
73. Part 4: Amendment of retained direct EU legislation Repealed
74. Chapter 1: Amendment of the Capital Requirements Regulation Repealed
75. 61Amendments to the Capital Requirements Regulation Repealed
76. 62Article 1 (scope) Not yet in force
77. 63Article 2 (supervisory powers) Not yet in force
78. 64Article 4(1) (definitions) Repealed
79. 65Article 4(2) (definitions) Repealed
80. 66Article 4A and 4B (insertion of new paragraphs) Repealed
81. 67Article 6 (general principles) Repealed
82. 68Article 7 (derogation from the application of prudential requirements on an individual basis) Repealed
83. 69Article 8 (derogation from the application of liquidity requirements on an individual basis) Repealed
84. 70Article 9 (individual consolidation method) Repealed
85. 71Article 10 (waiver for credit institutions permanently affiliated to a central body) Repealed
86. 72Article 11 (general treatment) Not yet in force
87. 73Article 13 (application of disclosure requirements on a consolidated basis) Not yet in force
88. 74Article 14 (application of requirements of Part Five on a consolidated basis) Not yet in force
89. 75Article 15 (derogation from the application of own funds requirements on a consolidated basis for groups of investment firms) Repealed
90. 76Article 17 (supervision of investment firms waived from the application of own funds requirements on a consolidated basis) Repealed
91. 77Article 18 (methods for prudential consolidation) Not yet in force
92. 78Article 19 (entities excluded from the scope of prudential consolidation) Repealed
93. 79Article 20 (joint decisions on prudential requirements) Repealed
94. 80Article 21 (joint decisions on the level of application of liquidity requirements) Repealed
95. 81Article 23 (undertakings in third countries) Repealed
96. 82Article 26 (Common Equity Tier 1 items) Not yet in force
97. 83Article 27 (capital instruments of mutual, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items) Repealed
98. 84Article 28 (Common Equity Tier 1 instruments) Repealed
99. 85Article 29 (capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions) Repealed
100. 86Article 31 (capital instruments subscribed by public authorities in emergency situations) Repealed
101. 87Article 33 (cash flow hedges and changes in the value of own liabilities) Repealed
102. 88Article 36 (deductions from Common Equity Tier 1 items) Repealed
103. 89Article 38 (deduction of deferred tax assets that rely on future profitability) Repealed
104. 90Article 39 (tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability) Repealed
105. 91Article 49 (requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied) Repealed
106. 92Article 52 (additional Tier 1 instruments) Repealed
107. 93Article 77 (conditions for reducing own funds) Repealed
108. 94Article 78 (supervisory permission for reducing own funds) Repealed
109. 95Article 80 (continuing review of quality of own funds) Repealed
110. 96Article 81 (minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital) Repealed
111. 97Article 82 (qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds) Repealed
112. 98Article 84 (minority interests included in consolidated Common Equity Tier 1 capital) Repealed
113. 99Article 85 (qualifying Tier 1 instruments included in consolidated Tier 1 capital) Repealed
114. 100Article 87 (qualifying own funds included in consolidated own funds) Repealed
115. 101Article 89 (risk weighting and prohibition of qualifying holdings outside the financial sector) Repealed
116. 102Article 91 (exceptions) Repealed
117. 103Article 95 (own funds requirements for investment first with limited authorisation to provide investment services) Repealed
118. 104Article 96 (own funds requirements for investment firms which hold initial capital) Repealed
119. 105Article 97 (own funds based on fixed overheads) Repealed
120. 106Article 98 (own funds for investment firms on a consolidated basis) Repealed
121. 107Article 99 (reporting on own funds requirements and financial information) Repealed
122. 108Article 100 (additional reporting requirements) Repealed
123. 109Article 101 (specific reporting requirements) Repealed
124. 110Article 107 (approaches to credit risk) Repealed
125. 111Article 113 (calculation of risk weighted exposure amounts) Repealed
126. 112Article 114 (exposures to central governments or central banks) Repealed
127. 113Article 115 (exposures to regional governments or local authorities) Repealed
128. 114Article 116 (exposures to public sector entities) Repealed
129. 115Article 117 (exposures to multilateral development banks) Repealed
130. 116Article 118 (exposures to international organisations) Repealed
131. 117Article 119 (exposures to institutions) Repealed
132. 118Article 123 (retain exposures) Repealed
133. 119Article 124 (exposures secured by mortgages on immovable property) Not yet in force
134. 120Article 125 (exposures fully and completely secured by mortgages on residential property) Repealed
135. 121Article 126 (exposures fully and completely secured by mortgages on commercial immovable property) Repealed
136. 122Article 128 (items associated with particular high risk) Repealed
137. 123Article 129 (exposures in the form of covered bonds) Repealed
138. 124Article 132 (exposures in the form of units or shares in CIUs) Repealed
139. 125Article 134 (other items) Repealed
140. 126Article 135 (use of credit assessments by ECAIs) Repealed
141. 127Article 138 (general requirements) Repealed
142. 128Article 142 (definitions) Repealed
143. 129Article 150 (conditions for permanent partial use) Repealed
144. 130Article 154 (risk weighted exposure amounts for retail exposures) Repealed
145. 131Article 160 (probability of default) Repealed
146. 132Article 162 (maturity) Repealed
147. 133Article 164 (loss given default) Not yet in force
148. 134Article 178 (default of an obligor) Repealed
149. 135Article 192 (definitions) Repealed
150. 136Article 197 (eligibility of collateral under all approaches and methods) Repealed
151. 137Article 199 (additional eligibility for collateral under the IRB Approach) Repealed
152. 138Article 201 (eligibility of protection providers under all approaches) Repealed
153. 139Article 202 (eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)) Repealed
154. 140Article 212 (requirements for other funded credit protection) Repealed
155. 141Article 224 (supervisory volatility adjustment under the Financial Collateral Comprehensive Method) Repealed
156. 142Article 227 (conditions for applying a 0% volatility adjustment under the Financial Collateral Comprehensive Method) Repealed
157. 143Article 229 (valuation principles for other eligible collateral under the IRB approach) Repealed
158. 144Article 230 (calculating risk-weighted exposures amounts and expected loss amounts for other eligible collateral under the IRB Approach) Repealed
159. 145Article 277 (transactions with a linear risk profile) Repealed
160. 146Article 290 (stress testing) Repealed
161. 147Article 292 (integrity of the modelling process) Repealed
162. 148Article 295 (recognition of contractual netting as risk-reducing) Repealed
163. 149Article 296 (recognition of contractual netting agreements) Repealed
164. 150Article 299 (items in the trading book) Repealed
165. 151Article 311 (own funds requirements for exposures to CCPs that cease to meet certain conditions) Repealed
166. 152Article 312 (permission and notification) Repealed
167. 153Article 315 (own funds requirement) Repealed
168. 154Article 316 (relevant indicator) Repealed
169. 155Article 317 (own funds requirement) Repealed
170. 156Article 323 (impact of insurance and other risk transfer mechanisms) Repealed
171. 157Article 325 (allowances for consolidated requirements) Repealed
172. 158Article 327 (netting) Repealed
173. 159Article 329 (options and warrants) Repealed
174. 160Article 336 (own funds requirements for non-securitisation debt instruments) Repealed
175. 161Article 340 (duration-based calculation of general risk) Repealed
176. 162Article 344 (stock indices) Repealed
177. 163Article 349 (general criteria for CIUs) Repealed
178. 164Article 354 (closely correlated currencies) Repealed
179. 165Article 365 (VaR and stressed VaR calculation) Repealed
180. 166Article 372 (requirement to have an internal IRC model) Repealed
181. 167Article 377 (requirements for an internal model for correlation trading) Repealed
182. 168Article 382 (scope) Repealed
183. 169Article 383 (advanced method) Repealed
184. 170Article 391 (definition of an institution for large exposures purposes) Repealed
185. 171Article 395 (limits to large exposures) Repealed
186. 172Article 396 (compliance with large exposures requirements) Repealed
187. 173Article 400 (exemptions) Repealed
188. 174Article 402 (exposures arising from mortgage lending) Repealed
189. 175Article 411 (definitions) Repealed
190. 176Article 412 (liquidity coverage requirements) Repealed
191. 177Regulation 177 Repealed
192. 178Article 413 (stable funding) Repealed
193. 179Article 416 (reporting on liquid assets) Repealed
194. 180Article 419 (currencies with constraints on the availability of liquid assets) Repealed
195. 181Article 420 (liquidity outflows) Repealed
196. 182Article 421 (outflows on retail deposits) Repealed
197. 183Article 422 (outflows on other liabilities) Repealed
198. 184Article 424 (outflows from credit and liquidity facilities) Repealed
199. 185Article 425 (inflows) Repealed
200. 186Article 427 (items providing stable funding) Repealed
201. 187Article 428 (items requiring stable funding) Repealed
202. 188Article 429 (calculation of the leverage ratio) Repealed
203. 189Article 430 (reporting requirement) Repealed
204. 190Article 432 (non-material, proprietary or confidential information) Repealed
205. 191Article 433 (frequency of disclosure) Repealed
206. 192Article 436 (scope of application) Repealed
207. 193Article 438 (capital requirements) Repealed
208. 194Article 440 (capital buffers) Repealed
209. 195Article 441 (indicators of global systemic importance) Repealed
210. 196Article 443 (unencumbered assets) Repealed
211. 197Article 444 (use of ECAIs) Repealed
212. 198Article 450 (remuneration policy) Repealed
213. 199Article 452 (use of the IRB Approach to credit risk) Repealed
214. 200Heading of Part 9 Repealed
215. 201Article 458 (macroprudential or systemic risk identified at the level of a Member State) Repealed
216. 202Article 462 (exercise of the delegation) Repealed
217. 203Article 463 (objections to regulatory technical standards) Repealed
218. 204Article 464 (European Banking Committee) Repealed
219. 205Article 464A and 464B (insertion of new paragraphs) Repealed
220. 206Article 473a (introduction of IFRS 9) Repealed
221. 207Article 483 (grandfathering of State aid instruments) Repealed
222. 208Article 484 (eligibility for grandfathering of items) Repealed
223. 209Article 485 (eligibility for inclusion in Common Equity Tier 1) Repealed
224. 210Article 493 (transitional provisions for large exposures) Repealed
225. 211Article 497 (own funds requirements for exposures to CCPs) Not yet in force
226. 212Article 498 (exemption for Commodities dealers) Repealed
227. 213Article 501 (capital requirements deduction for credit risk on exposures to SMEs) Repealed
228. 214Article 501c to 519b (reports and reviews) Repealed
229. 215Article 521 (entry into force and date of application) Repealed
230. 216Article 522 (insertion of new paragraph) Repealed
231. 217Annex I (classification of off-balance sheet items) Repealed
232. 218Annex II (types of derivative) Repealed
233. 219Annex III (items subject to supplementary reporting of liquid assets) Repealed
234. Chapter 2: Amendment of Capital Requirements Regulation to transfer powers to the Treasury Repealed
235. 220General transfer of powers to the Treasury Repealed
236. 221Specific transfer of powers to the Treasury Repealed
237. Chapter 3: Amendment of Capital Requirements Regulation to transfer powers to the FCA and PRA Repealed
238. 222European Supervisory Authorities' functions in the Capital Requirements Regulation transferred to both the FCA and PRA Repealed
239. 223European Supervisory Authorities' functions in the Capital Requirements Regulation transferred to only the PRA Repealed
240. 224Other functions transferred Repealed
241. 225Amendment to use of term “competent authorities” Repealed
242. Chapter 4: Amendment of Liquidity Commission Delegated Regulation Repealed
243. 226Amendments to the Liquidity Commission Delegated Regulation Repealed
244. 227Article 2 (scope and application) Repealed
245. 228Article 3 (definitions) Repealed
246. 229Article 4 (the liquidity coverage ratio) Repealed
247. 230Article 7 (general requirements for liquid assets) Repealed
248. 231Article 8 (operational requirements) Repealed
249. 232Article 10 (level 1 assets) Repealed
250. 233Article 11 (level 2A assets) Repealed
251. 234Article 12 (level 2B assets) Repealed
252. 235Article 16 (deposits and other funding in cooperative networks and institutional protection schemes) Repealed
253. 236Article 19 (alternative liquidity approaches) Repealed
254. 237Article 23 (additional liquidity outflows for other products and services) Repealed
255. 238Article 24 (outflows from stable retail deposits) Repealed
256. 239Article 25 (outflows from other retail deposits) Repealed
257. 240Article 26 (outflows with inter-dependent inflows) Repealed
258. 241Article 27 (outflows from operational deposits) Repealed
259. 242Article 28 (outflows from other liabilities) Repealed
260. 243Article 29 (outflows within a group or an institutional protection scheme) Repealed
261. 244Article 30 (additional outflows) Repealed
262. 245Article 31 (outflows from credit and liquidity facilities) Repealed
263. 246Article 32 (inflows) Repealed
264. 247Article 33 (cap on inflows) Repealed
265. 248Article 34 (inflows within a group or an institutional protection scheme) Repealed
266. 249Article 35 (grandfathering of Member State-guaranteed bank assets) Repealed
267. 250Article 36 (transitional provision for Member State-sponsored impaired asset management agencies) Repealed
268. 251Final provision Repealed
269. Chapter 5: Amendment of G-SII Commission Delegated Regulation Repealed
270. 252Amendments to the G-SII Commission Delegated Regulation Repealed
271. 253Article 3 (common parameters for the methodology) Repealed
272. 254Final provision Repealed
273. Signature
274. Explanatory note