Regulation 16 Regulation (EU) No 575/2013

(1)

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 648/2012^f1 is amended as follows.

(2)

In Article 6 (general principles)^f2, in paragraph 1a, omit the words from “material subsidiaries” to the end of the paragraph.

(3)

In Article 11 (general treatment)^f3, in paragraph 3a, omit the words from “only UK parent undertakings” to the end of the paragraph.

(4)

In Article 18 (methods of prudential consolidation)^f4, in paragraph 1, omit “or 92b”.

(5)

In Article 49 (requirement for deduction where consolidation or supplementary supervision is applied)^f5, in paragraph 2, for “Articles 92a and 92b” substitute “Article 92a”.

Annotations

Footnotes

f1: EUR 575/2013.
f2: Article 6 was amended by S.I. 2018/1401, S.I. 2019/1232 and S.I. 2021/1078.
f3: Article 11 was amended by S.I. 2020/1385 and S.I. 2021/1078.
f4: Article 18 was amended by Schedule 1 to the Financial Services Act 2021 (c. 22), S.I. 2020/1385 and S.I. 2021/1078.
f5: Article 49 was amended by Schedule 1 to the Financial Services Act 2021, S.I. 2018/1401, S.I. 2019/264 and S.I. 2021/1376.