# The Capital Requirements (Amendment) (EU Exit) Regulations 2018, Regulation 68: Article 7 (derogation from the application of prudential requirements on an individual basis)


In Article 7 (derogation from the application of prudential requirements on an individual basis)—
(a) in paragraph 1, for “by the Member State concerned” substitute “in the United Kingdom”;
(b) in paragraph 2, for the words from “where the” to “the institution”, substitute “where the parent undertaking of the subsidiary is a UK financial holding company or a UK mixed financial holding company”;
(c) in paragraph 3—
(i) for “parent institution in a Member State where that institution is subject to authorisation and supervision by the Member State concerned, and” substitute “UK parent institution, where”;
(ii) omit the words from “The competent authority which makes” to the end.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174661/regulation/68 (the official version)
Page: https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018/regulation-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.