Regulation 5 Regulation (EU) No 575/2013
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012f1 is amended as follows.
In Article 4(1) (definitions)—
in point (133) (definition of “global systemically important institution”), for the words from “in accordance with” to the end of that point substitute “as such by the PRA”;
in point (146)(b) (definition of “large institution”), for “Part 6 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014” substitute “Part 3 of the Capital Buffers and Macro-prudential Measures Regulations 2025”.
In the following provisions, for “combined buffer requirement defined in regulation 2 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014”, wherever it occurs, substitute “combined buffer defined in the Capital Buffers Part of the PRA rulebookf2”—
Article 84(1)(a) (minority interests included in consolidated Common Equity Tier 1 capital);
Article 85(1)(a) (Qualifying Tier 1 instruments included in consolidated Tier 1 capital);
Article 87(1)(a) (Qualifying own funds included in consolidated own funds).
Annotations
Footnotes
- f1
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EUR 2013/575. Relevant amending instruments are S.I. 2014/894 and 2019/1232.
- f2
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As amended by the PRA rulebook: CRR Firms: Buffer Instrument 2025 (PRA 2025/1), which was made on 28th January 2025 and came into force on 31st March 2025. This Instrument and the PRA rulebook can be found at https://www.prarulebook.co.uk/ and a copy can be obtained from the Prudential Regulation Authority, 20 Moorgate, London, EC2R 6DA.