# The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (revoked) S.I. 2018/1401 · made 19 December 2018 · revised to 29 August 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/capital-requirements-amendment-eu-exit-regulations-2018-revoked/pdf/uksi_20181401_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/capital-requirements-amendment-eu-exit-regulations-2018-revoked/pdf/uksiem_20181401_en.pdf ## Introductory text Exiting The European Union Financial Services And Markets Made 19th December 2018 Coming into force in accordance with regulation 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: Introduction ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Amendment of secondary legislation: European Communities Act 1972 ## 3 2008 Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 2013 Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 2013 Reporting Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 2014 Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: Amendment of secondary legislation: European Union (Withdrawal) Act 2018 ### Chapter 1: Amendment of 2008 Regulations ## 7 Amendments to the Regulated Covered Bonds Regulations 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Regulation 2 (eligible property) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Regulation 41 (notification of the Commission) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Amendment of 2013 Regulations ## 10 Amendments to the Capital Requirements Regulations 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Regulation 2 (interpretation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Regulation 2A (insertion of new paragraph) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Regulation 4 (main provisions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Regulation 5 (capital buffers and Article 458 of the capital requirements regulation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Regulations 6 (co-operation within the European System of Financial Supervision) to 17 (Duties to notify EBA and EIOPA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Regulations 18 (general disclosures required of PRA and FCA) to 19 (specific disclosures required of the PRA and FCA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Regulation 20 (determination of the consolidating supervisor) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Regulation 21 (assessment of equivalent of consolidated supervision by supervisory authorities in non-EEA states) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Regulations 22 (co-ordination and co-operation arrangements) to 33 (colleges of supervisors) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Regulation 34 (supervisory powers: own funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Regulations 34A and 34B (insertion of new paragraphs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Regulation 35 (specific liquidity requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Regulation 35A (insertion of new paragraphs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Regulation 36 (employee remuneration) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Regulation 37 (diversity practices) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Regulation 38 (consultation with the EBA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Regulation 39 (meaning of “permission” and “protected item” in this part) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Regulation 45 (misleading the PRA or FCA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: Amendment of the 2013 Reporting Regulations ## 29 Amendments to the Capital Requirements (Country-by-Country Reporting) Regulations 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Regulation 1 (citation, commencement and interpretation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Regulation 2 (ongoing reporting obligation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Regulation 3 (interim reporting obligation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Regulation 5 (prior disclosure: prevention of duplication) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 4: Amendment of the 2014 Regulations ## 34 Amendments to the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Regulation 2 (interpretation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Regulation 6 (exemption for small and medium-sized investment firms) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Chapter 1, Part 3 (designated authority and interpretation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Regulation 7 (designated authority) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Regulation 8 (meaning of “UK institution”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Regulation 9 (the buffer guide) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Regulation 10 (countercyclical buffer rate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Regulation 12 (announcement of changes to the buffer rate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Regulation 12A (insertion of new paragraph) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 44 Regulation 14 (buffer rates for EEA exposures) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Regulation 15 (buffer rates for exposures outside the EEA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 46 Regulation 17 (date of application of buffer rates) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Regulation 18 (announcement of changes to buffer rates) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47A Regulation 19A (institution-specific countercyclical capital buffer and holding companies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Regulation 20 (exemption for small and medium-sized investment firms) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 49 Regulation 21 (designated authority) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Regulation 22 (G-SIIs: location and nature) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 51 Regulation 23 (identification methodology) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Regulation 24 (sub-categories of G-SII and corresponding buffer rates) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52A Regulation 25 (re-allocation in exercise of sound supervisory judgment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53 Regulation 26 (notification, publication and review) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 53A Regulation 27 (Appeals) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Regulation 28 (transitional provision: 1st January 2016 to 31st December 2019) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Regulation 29 (designated authority) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Regulation 30 (O-SIIs: location and nature) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Regulation 31 (identification of O-SIIs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 Regulation 32 (notification, publication and review) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58A Regulation 33 (Appeals) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 Regulation 34 (no requirement to maintain an O-SII buffer) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60 Part 5A (Systemic Risk Buffer) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 60A Combined buffer requirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 4: Amendment of retained direct EU legislation ### Chapter 1: Amendment of the Capital Requirements Regulation ## 61 Amendments to the Capital Requirements Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Article 1 (scope) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Article 2 (supervisory powers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 64 Article 4(1) (definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 65 Article 4(2) (definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 Article 4A and 4B (insertion of new paragraphs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 67 Article 6 (general principles) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 68 Article 7 (derogation from the application of prudential requirements on an individual basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 69 Article 8 (derogation from the application of liquidity requirements on an individual basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 70 Article 9 (individual consolidation method) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 71 Article 10 (waiver for credit institutions permanently affiliated to a central body) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 72 Article 11 (general treatment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 73 Article 13 (application of disclosure requirements on a consolidated basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 74 Article 14 (application of requirements of Part Five on a consolidated basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 75 Article 15 (derogation from the application of own funds requirements on a consolidated basis for groups of investment firms) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 76 Article 17 (supervision of investment firms waived from the application of own funds requirements on a consolidated basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 77 Article 18 (methods for prudential consolidation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 78 Article 19 (entities excluded from the scope of prudential consolidation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 79 Article 20 (joint decisions on prudential requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 80 Article 21 (joint decisions on the level of application of liquidity requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 81 Article 23 (undertakings in third countries) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 82 Article 26 (Common Equity Tier 1 items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 83 Article 27 (capital instruments of mutual, cooperative societies, savings institutions or similar institutions in Common Equity Tier 1 items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 84 Article 28 (Common Equity Tier 1 instruments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 85 Article 29 (capital instruments issued by mutuals, cooperative societies, savings institutions and similar institutions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 86 Article 31 (capital instruments subscribed by public authorities in emergency situations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 87 Article 33 (cash flow hedges and changes in the value of own liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 88 Article 36 (deductions from Common Equity Tier 1 items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 89 Article 38 (deduction of deferred tax assets that rely on future profitability) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 90 Article 39 (tax overpayments, tax loss carry backs and deferred tax assets that do not rely on future profitability) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 91 Article 49 (requirement for deduction where consolidation, supplementary supervision or institutional protection schemes are applied) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 92 Article 52 (additional Tier 1 instruments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 93 Article 77 (conditions for reducing own funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 94 Article 78 (supervisory permission for reducing own funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 95 Article 80 (continuing review of quality of own funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 96 Article 81 (minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 97 Article 82 (qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 98 Article 84 (minority interests included in consolidated Common Equity Tier 1 capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 99 Article 85 (qualifying Tier 1 instruments included in consolidated Tier 1 capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 100 Article 87 (qualifying own funds included in consolidated own funds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 101 Article 89 (risk weighting and prohibition of qualifying holdings outside the financial sector) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 102 Article 91 (exceptions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 103 Article 95 (own funds requirements for investment first with limited authorisation to provide investment services) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 104 Article 96 (own funds requirements for investment firms which hold initial capital) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 105 Article 97 (own funds based on fixed overheads) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 106 Article 98 (own funds for investment firms on a consolidated basis) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 107 Article 99 (reporting on own funds requirements and financial information) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 108 Article 100 (additional reporting requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 109 Article 101 (specific reporting requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 110 Article 107 (approaches to credit risk) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 111 Article 113 (calculation of risk weighted exposure amounts) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 112 Article 114 (exposures to central governments or central banks) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 113 Article 115 (exposures to regional governments or local authorities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 114 Article 116 (exposures to public sector entities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 115 Article 117 (exposures to multilateral development banks) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 116 Article 118 (exposures to international organisations) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 117 Article 119 (exposures to institutions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 118 Article 123 (retain exposures) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 119 Article 124 (exposures secured by mortgages on immovable property) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 120 Article 125 (exposures fully and completely secured by mortgages on residential property) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 121 Article 126 (exposures fully and completely secured by mortgages on commercial immovable property) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 122 Article 128 (items associated with particular high risk) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 123 Article 129 (exposures in the form of covered bonds) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 124 Article 132 (exposures in the form of units or shares in CIUs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 125 Article 134 (other items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 126 Article 135 (use of credit assessments by ECAIs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 127 Article 138 (general requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 128 Article 142 (definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 129 Article 150 (conditions for permanent partial use) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 130 Article 154 (risk weighted exposure amounts for retail exposures) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 131 Article 160 (probability of default) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 132 Article 162 (maturity) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 133 Article 164 (loss given default) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 134 Article 178 (default of an obligor) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 135 Article 192 (definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 136 Article 197 (eligibility of collateral under all approaches and methods) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 137 Article 199 (additional eligibility for collateral under the IRB Approach) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 138 Article 201 (eligibility of protection providers under all approaches) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 139 Article 202 (eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 140 Article 212 (requirements for other funded credit protection) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 141 Article 224 (supervisory volatility adjustment under the Financial Collateral Comprehensive Method) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 142 Article 227 (conditions for applying a 0% volatility adjustment under the Financial Collateral Comprehensive Method) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 143 Article 229 (valuation principles for other eligible collateral under the IRB approach) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 144 Article 230 (calculating risk-weighted exposures amounts and expected loss amounts for other eligible collateral under the IRB Approach) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 145 Article 277 (transactions with a linear risk profile) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 146 Article 290 (stress testing) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 147 Article 292 (integrity of the modelling process) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 148 Article 295 (recognition of contractual netting as risk-reducing) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 149 Article 296 (recognition of contractual netting agreements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 150 Article 299 (items in the trading book) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 151 Article 311 (own funds requirements for exposures to CCPs that cease to meet certain conditions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 152 Article 312 (permission and notification) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 153 Article 315 (own funds requirement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 154 Article 316 (relevant indicator) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 155 Article 317 (own funds requirement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 156 Article 323 (impact of insurance and other risk transfer mechanisms) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 157 Article 325 (allowances for consolidated requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 158 Article 327 (netting) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 159 Article 329 (options and warrants) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 160 Article 336 (own funds requirements for non-securitisation debt instruments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 161 Article 340 (duration-based calculation of general risk) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 162 Article 344 (stock indices) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 163 Article 349 (general criteria for CIUs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 164 Article 354 (closely correlated currencies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 165 Article 365 (VaR and stressed VaR calculation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 166 Article 372 (requirement to have an internal IRC model) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 167 Article 377 (requirements for an internal model for correlation trading) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 168 Article 382 (scope) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 169 Article 383 (advanced method) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 170 Article 391 (definition of an institution for large exposures purposes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 171 Article 395 (limits to large exposures) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 172 Article 396 (compliance with large exposures requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 173 Article 400 (exemptions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 174 Article 402 (exposures arising from mortgage lending) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 175 Article 411 (definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 176 Article 412 (liquidity coverage requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 177 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 178 Article 413 (stable funding) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 179 Article 416 (reporting on liquid assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 180 Article 419 (currencies with constraints on the availability of liquid assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 181 Article 420 (liquidity outflows) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 182 Article 421 (outflows on retail deposits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 183 Article 422 (outflows on other liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 184 Article 424 (outflows from credit and liquidity facilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 185 Article 425 (inflows) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 186 Article 427 (items providing stable funding) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 187 Article 428 (items requiring stable funding) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 188 Article 429 (calculation of the leverage ratio) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 189 Article 430 (reporting requirement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 190 Article 432 (non-material, proprietary or confidential information) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 191 Article 433 (frequency of disclosure) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 192 Article 436 (scope of application) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 193 Article 438 (capital requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 194 Article 440 (capital buffers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 195 Article 441 (indicators of global systemic importance) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 196 Article 443 (unencumbered assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 197 Article 444 (use of ECAIs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 198 Article 450 (remuneration policy) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 199 Article 452 (use of the IRB Approach to credit risk) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 200 Heading of Part 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 201 Article 458 (macroprudential or systemic risk identified at the level of a Member State) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 202 Article 462 (exercise of the delegation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 203 Article 463 (objections to regulatory technical standards) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 204 Article 464 (European Banking Committee) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 205 Article 464A and 464B (insertion of new paragraphs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 206 Article 473a (introduction of IFRS 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 207 Article 483 (grandfathering of State aid instruments) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 208 Article 484 (eligibility for grandfathering of items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 209 Article 485 (eligibility for inclusion in Common Equity Tier 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 210 Article 493 (transitional provisions for large exposures) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 211 Article 497 (own funds requirements for exposures to CCPs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 212 Article 498 (exemption for Commodities dealers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 213 Article 501 (capital requirements deduction for credit risk on exposures to SMEs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 214 Article 501c to 519b (reports and reviews) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 215 Article 521 (entry into force and date of application) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 216 Article 522 (insertion of new paragraph) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 217 Annex I (classification of off-balance sheet items) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 218 Annex II (types of derivative) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 219 Annex III (items subject to supplementary reporting of liquid assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Amendment of Capital Requirements Regulation to transfer powers to the Treasury ## 220 General transfer of powers to the Treasury . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 221 Specific transfer of powers to the Treasury . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 3: Amendment of Capital Requirements Regulation to transfer powers to the FCA and PRA ## 222 European Supervisory Authorities' functions in the Capital Requirements Regulation transferred to both the FCA and PRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 223 European Supervisory Authorities' functions in the Capital Requirements Regulation transferred to only the PRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 224 Other functions transferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 225 Amendment to use of term “competent authorities” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 4: Amendment of Liquidity Commission Delegated Regulation ## 226 Amendments to the Liquidity Commission Delegated Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 227 Article 2 (scope and application) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 228 Article 3 (definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 229 Article 4 (the liquidity coverage ratio) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 230 Article 7 (general requirements for liquid assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 231 Article 8 (operational requirements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 232 Article 10 (level 1 assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 233 Article 11 (level 2A assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 234 Article 12 (level 2B assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 235 Article 16 (deposits and other funding in cooperative networks and institutional protection schemes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 236 Article 19 (alternative liquidity approaches) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 237 Article 23 (additional liquidity outflows for other products and services) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 238 Article 24 (outflows from stable retail deposits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 239 Article 25 (outflows from other retail deposits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 240 Article 26 (outflows with inter-dependent inflows) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 241 Article 27 (outflows from operational deposits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 242 Article 28 (outflows from other liabilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 243 Article 29 (outflows within a group or an institutional protection scheme) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 244 Article 30 (additional outflows) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 245 Article 31 (outflows from credit and liquidity facilities) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 246 Article 32 (inflows) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 247 Article 33 (cap on inflows) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 248 Article 34 (inflows within a group or an institutional protection scheme) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 249 Article 35 (grandfathering of Member State-guaranteed bank assets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 250 Article 36 (transitional provision for Member State-sponsored impaired asset management agencies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 251 Final provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 5: Amendment of G-SII Commission Delegated Regulation ## 252 Amendments to the G-SII Commission Delegated Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 253 Article 3 (common parameters for the methodology) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 254 Final provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2018/1401 (the official version) Page: https://openlegislation.uk/capital-requirements-amendment-eu-exit-regulations-2018-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.