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Paragraph 21 Capital Requirements Regulation

Original text. Later amendments are not shown.

In Article 14 (application of requirements of Article 5 of Regulation (EU) 2017/2402 on a consolidated basis)—

(a)

in the title, for “requirements of Article 5 of Regulation (EI 2017/2402)” substitute “due-diligence rules”;

(b)

in paragraph 1, for “Article 5 of Regulation (EU) 2017/2402” substitute “due-diligence rules”;

(c)

in paragraph 2, for “Article 5 of Regulation (EU) 2017/2402” substitute “due-diligence rules”;

(d)

after paragraph 2 insert—

“3

“Due-diligence rules” means rules made by the PRA under section 137G of FSMA in accordance with regulation 33 of the Securitisation Regulations 2024 (rules relating to due-diligence requirements of institutional investors).”.