# The Capital Requirements (Amendment) (EU Exit) Regulations 2018, Regulation 117: Article 119 (exposures to institutions)


In Article 119 (exposures to institutions), in paragraph 4—
(a) in the first sub-paragraph—
(i) for “the ECB or by the central bank of a Member State” substitute “the Bank”;
(ii) for “the central bank of the Member State in question” substitute “the Bank”;
(b) for point (a) substitute—
“(a) the reserves are held in accordance with national requirements which are, in all material respects, equivalent to those in Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003;”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174661/regulation/117 (the official version)
Page: https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018/regulation-117
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.