# The Capital Requirements Regulation (Amendment) Regulations 2021, Regulation 4: Title II of Part One: level of application of requirements

Extent: E+W+S+N.I.

(1) Title II of Part One (comprising Articles 6 to 24) (level of application requirements) is amended as follows.
(2) In Article 6 (application of requirements on an individual basis: general principles)—
(a) in paragraph 1, for “Parts Two to Five and Eight” substitute “Part Two, Part Three ... and Chapter 2 of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation (provisions applicable to all securitisations)”;
(b) omit paragraphs 3 to 5.
(3) In Article 7 (derogation from the application of prudential requirements on an individual basis), in paragraph 3(a) and (b), for “parent institution in a Member State” substitute “UK parent institution”.
(4) Omit Article 8 (derogation from the application of liquidity requirements on an individual basis).
(5) In Article 11 (application of prudential requirements on a consolidated basis: general treatment)—
(a) in paragraph 1, for “Parts Two, Three, Four, Seven and Seven A on the basis of their consolidated situation, with the exception of point (d) of Article 430(1)” substitute “Parts Two and Three on the basis of their consolidated situation”
(b) omit paragraph 4;
(c) in paragraph 6, in point (a) of the third subparagraph, for “2, 3, 4, 6, 7, 7A and 8” substitute “Two and Three”.
(6) Omit Article 13 (application of disclosure requirements on a consolidated basis).
(7) In Article 18(1) (methods of prudential consolidation), omit the second sentence.
(8) Omit Article 22 (sub-consolidation in cases of entities in third countries).

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Source: https://www.legislation.gov.uk/uksi/2021/1078/regulation/4 (the official version)
Page: https://openlegislation.uk/capital-requirements-regulation-amendment-regulations-2021/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.