Regulation 146 Article 290 (stress testing)

In Article 290(3) (stress testing)—

(a)

the existing wording becomes the first sub-paragraph;

(b)

in the first sub-paragraph, for “process set out in Article 81 of Directive 2013/36/EU” substitute “relevant regulatory rules”;

(c)

after the first sub-paragraph insert a second sub-paragraph—

“In the first sub-paragraph, “relevant regulatory rules” means—

(a)
where the competent authority is the FCA, rule 2.2.22 of the FCA’s Prudential sourcebook for Investment Firms;

(b)
where the competent authority is the PRA, rule 6.1 of the Internal Capital Adequacy Part of the PRA rulebook.”.