{
  "url": "https://openlegislation.uk/eu-regulation-2013-575/article-457",
  "json_url": "https://openlegislation.uk/eu-regulation-2013-575/article-457.json",
  "legislation": "eur/2013/575",
  "legislation_title": "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 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2013-575",
  "path": "article/457",
  "kind": "article",
  "number": "457",
  "heading": "Technical adjustments and corrections",
  "text": "The Treasury may by regulations make technical adjustment and corrections of non-essential elements in the following provisions in order to take account of developments in new financial products or activities, to make adjustments taking into account developments after IP completion day in the law of the United Kingdom, or any part of it, on financial services and accounting including UK-adopted international accounting standards:\n(a)the own funds requirements for credit risk laid down in Articles 111 to 127, 129 to 131, 133, 134, 143 to 151, 153 to 157 and 159 to 191;\n(b)the effects of credit risk mitigation in accordance with Articles 193 to 241;\n(c)the own funds requirements for securitisation laid down in Articles 242 to 270a;\n(d)the own funds requirements for counterparty credit risks in accordance with Articles 272 and 283 to 299;\n(e)the own funds requirements for operational risk laid down in Articles 315 and 317 to 324;\n(f)the own funds requirements for market risk laid down in Articles 325 to 377;\n(g)the own funds requirements for settlement risk laid down in Articles 378 and 379;\n(h)the own funds requirements for credit valuation adjustment risk laid down in Articles 383, 384 and 386;\n(i)Part Two ... only as a result of developments in accounting standards or requirements which take account of the law of the United Kingdom, or any part of it.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Art. 457 substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 221(3)(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Art. 457 substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 221(3)(b) (with savings in S.I. 2019/680, reg. 11 and as amended (30.12.2020) by S.I. 2020/1301, regs. 1, 3, Sch. para. 11(i)); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Art. 457 substituted (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), regs. 1(3), 27(6); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Art. 457(a) substituted (1.1.2022) by The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(a)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Substituted by Regulation (EU) 2017/2401 of the European Parliament and of the Council of 12 December 2017 amending Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms."
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Art. 457(d) substituted (1.1.2022) by The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(b)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Art. 457(e) substituted (1.1.2022) by The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(c)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Art. 457(i) omitted (1.1.2022) by virtue of The Capital Requirements Regulation (Amendment) Regulations 2021 (S.I. 2021/1078), regs. 1(1), 11(3)(d)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Art. 457(i) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 221(3)(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "X",
      "label": "X1",
      "text": "Substituted by Corrigendum to 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 (OJ L 176, 27.6.2013, p. 1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2013/575/article/457",
    "retrieved_at": "2026-11-01T14:48:36.198705+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."
}