Regulation 220 General transfer of powers to the Treasury

(1)

The provisions of the Capital Requirements Regulation specified in paragraph (2) are amended as follows—

(a)

for the words from “the Commission may adopt, by way of implementing acts, and subject to the examination procedure referred to in Article 464(2), a decision as to whether” substitute “the Treasury may by regulations determine whether”;

(b)

for “Union” substitute “United Kingdom”;

(c)

omit the words “In the absence of such a decision” to the end.

(2)

The provisions of the Capital Requirements Regulation specified in this paragraph are—

(a)

Article 107, paragraph 4;

(b)

Article 114, paragraph 7, second sub-paragraph;

(c)

Article 115, paragraph 4, second sub-paragraph;

(d)

Article 116, paragraph 5, second sub-paragraph;

(e)

Article 132, paragraph 3, second sub-paragraph;

(f)

Article 142, paragraph 2.