{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2023-capital-buffers-and-macro-prudential-measures-consequential-amendments-regulations-2025/regulation-7",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2023-capital-buffers-and-macro-prudential-measures-consequential-amendments-regulations-2025/regulation-7.json",
  "legislation": "ukdsi/2025/9780348272604",
  "legislation_title": "The Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2023-capital-buffers-and-macro-prudential-measures-consequential-amendments-regulations-2025",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Commission Delegated Regulation (EU) 342/2014",
  "text": "(1) Commission Delegated Regulation (EU) No 342/2014 of 21 January 2014 supplementing Directive 2002/87/EC of the European Parliament and of the Council and Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the application of the calculation methods of capital adequacy requirements for financial conglomerates is amended as follows.\n(2) In Article 2(6) (definitions: reference to the PRA rulebook), at the end insert “, except in Article 9(2)(b)(iii)”.\n(3) In Article 9(2)(b) (solvency requirement), for paragraph (iii) (but not the “and” after it), substitute—\n“(iii) the combined buffer defined in the Capital Buffers Part of the PRA rulebook (which means the rulebook published by the PRA containing rules made by that Authority under FSMA as amended from time to time)”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "EUR 2014/342."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Article 9(2)(b)(iii) was amended by the Financial Conduct Authority Technical Standards (Financial Conglomerates Directive) (EU Exit) Instrument 2019 (FCA 2019/59), which was made on 9th April 2019 and came into force on 31st December 2020. The instrument can be found at fca.org.uk and a copy can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348272604/regulation/7",
    "retrieved_at": "2026-10-30T14:39:01.482041+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}