OpenLegislation

The Capital Requirements Regulations 2013

S.I. 2013/3115 · Made 9 December 2013 · Extends to United Kingdom

Not fully up to date. 1 change made by later legislation has not yet been written into this text, which is revised to 27 February 2025.

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ProvisionChangeMade by
RegulationsrevokedFinancial Services and Markets Act 2023 Sch. 1 Pt. 2

Financial Services And Markets

Made 9th December 2013

Laid before Parliament 10th December 2013

Coming into force in accordance with regulation 1

The Treasury are designated M1 for the purposes of section 2(2) of the European Communities Act 1972 M2 in relation to financial services.

The Treasury, in exercise of the powers conferred by—

  1. (a)

    section 2(2) of the European Communities Act 1972; and

  2. (b)

    sections 349(1)(b), 349(2), 349(3) and 428(3) of, and paragraphs 13(1)(b)(iii), 14(1)(b), 17(a), 17(b), 17(c), 18 and 22 of Schedule 3 to, the Financial Services and Markets Act 2000 F1;

make the following Regulations:C1

Annotations to the whole text

Textual amendments

F1

2000 c. 8. Section 349(2) was amended by section 41 of, and paragraphs 19(1) and (2) of Schedule 12 to, the Financial Services Act 2012 (c. 21); paragraphs 14(1)(b), 17(c), 18 and 22 of Schedule 3 were amended by section 12 of, and paragraphs 1, 3, 7, 8 and 14 of Schedule 4 to, the Financial Services Act 2012; paragraph 14(1)(b) was also amended by S.I. 2003/1473 and S.I. 2003/2066.

Marginal citations

M1

S.I. 2012/1759.

M2

1972 c.68. Section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 (c. 7). By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c.51), regulations may be made under s2(2) of the European Communities Act to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed in Brussels on 17th March 1993 (Cm 2183).

Modifications

C1

Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)

Contents

  1. Part 1: Introductory provisions
  2. 1Citation, commencement and expiry
  3. 2Interpretation
  4. 2AInterpretation: regulators' rules
  5. Part 2: Capital Requirements Regulations 2006: revocation
  6. 3Capital Requirements Regulations 2006: revocation
  7. Part 3: Designation of competent authorities
  8. 4Main provisions of the capital requirements regulation and Directive 2013/36/EU UK law
  9. 5Capital buffers and Article 458 of the capital requirements regulation Repealed
  10. Part 4: PRA and FCA: cooperation and co-ordination Repealed
  11. 6Co-operation within the European System of Financial Supervision Repealed
  12. 7Co-operation with EBA Repealed
  13. 8Information gathering, planning and co-ordination duties Repealed
  14. 9Requirement to consult other competent authorities: major sanctions or exceptional measures Repealed
  15. 10Emergency situations: notification requirements Repealed
  16. 11Collaboration concerning supervision of cross-border institutions Repealed
  17. 12On-the-spot checks and inspections: during CRD transitional period Repealed
  18. 13On-the-spot checks or inspections: after CRD transitional period Repealed
  19. 14On-the-spot checks and inspections: powers of EEA competent authorities Repealed
  20. 15Significant branches: UK is the host EEA State Repealed
  21. 16Significant branches: UK is the home EEA State or EEA consolidating supervisor Repealed
  22. 17Duties to notify EBA and EIOPA Repealed
  23. Part 5: Publication of information by PRA and FCA Repealed
  24. 18General disclosures required of PRA and FCA Repealed
  25. 19Specific disclosures required of PRA and FCA Repealed
  26. Part 6: Consolidated supervision
  27. 20Determination of the consolidating supervisor Repealed
  28. 21Assessment of equivalence of consolidated supervision by supervisory authorities in third countries
  29. 22Co-ordination and co-operation arrangements Repealed
  30. 23Co-ordination of supervisory activities by the EEA consolidating supervisor Repealed
  31. 24The Bank's general duties Repealed
  32. 25Exchange of information Repealed
  33. 26Obtaining information already disclosed Repealed
  34. 27Verification of information by a competent authority in another EEA State Repealed
  35. 28Requirement to establish list of holding companies Repealed
  36. 29Joint decisions on own funds: PRA or FCA is the EEA consolidating supervisor Repealed
  37. 30Joint decisions on own funds: PRA or FCA is not the EEA consolidating supervisor Repealed
  38. 31Joint decision on liquidity: PRA or FCA is the EEA consolidating supervisor Repealed
  39. 32Joint decision on liquidity: PRA or FCA is not the EEA consolidating supervisor Repealed
  40. 33Colleges of supervisors Repealed
  41. Part 7: Exercise of supervision by the PRA ...
  42. 34Supervisory powers: own funds
  43. 34ASupervisory review and evaluation process
  44. 34BOngoing review of the permission to use internal approaches
  45. 35Specific liquidity requirements
  46. 35AApplication of supervisory measures to institutions with similar risk profiles Repealed
  47. 35BSupervisory powers
  48. 35CSpecific publication requirements
  49. 36Employee remuneration
  50. 37Diversity practices
  51. 38Consultation with EBA: supervisory benchmarking of internal approaches for calculation own funds requirements Repealed
  52. Part 8: Permissions under the CRR
  53. 39Meaning of “permission” and “protected item” in this Part
  54. 40Applications for permissions: process, information and documents
  55. 41Decisions: written notices
  56. 42Appeals
  57. 43Publication of written notices
  58. 44Transitional provision for matters done before commencement
  59. Part 9: Misleading the PRA or FCA
  60. 45Misleading the PRA or FCA
  61. Part 10: Amendments and revocations
  62. 46Amendments and revocations
  63. Signature
  64. Schedule 1: CRD transitional arrangements
  65. Paragraph
  66. Schedule 2: Amendments to primary and secondary legislation
  67. Part 1: Amendments to FSMA
  68. 1Paragraph 1
  69. 2Paragraph 2
  70. 3Paragraph 3
  71. 4Paragraph 4
  72. 5Paragraph 5
  73. 6Paragraph 6
  74. 7Paragraph 7
  75. 8Paragraph 8
  76. 9Paragraph 9
  77. 10Paragraph 10
  78. 11Paragraph 11
  79. 12Paragraph 12
  80. 13Paragraph 13
  81. 14Paragraph 14
  82. 15Paragraph 15
  83. 16Paragraph 16
  84. 17Paragraph 17
  85. 18Paragraph 18
  86. 19Paragraph 19
  87. 20Paragraph 20
  88. 21Paragraph 21
  89. 22Paragraph 22
  90. 23Paragraph 23
  91. 24Paragraph 24
  92. 25Paragraph 25
  93. 26Paragraph 26
  94. 27Paragraph 27
  95. 28Paragraph 28
  96. 29Paragraph 29
  97. 30Paragraph 30
  98. Part 2: Amendments to other primary legislation
  99. 31Superannuation Act 1972
  100. 32Consumer Credit Act 1974
  101. 33Judicial Pensions Act 1981
  102. 34Building Societies Act 1986
  103. 35Paragraph 35
  104. 36Judicial Pensions and Retirement Act 1993
  105. 37Criminal Justice Act 1993
  106. 38Bank of England Act 1998
  107. 39Paragraph 39
  108. 40Terrorism Act 2000
  109. 41Proceeds of Crime Act 2002
  110. 42Companies Act 2006
  111. 43Banking (Special Provisions) Act 2008
  112. 44Counter-Terrorism Act 2008
  113. 45Banking Act 2009
  114. Part 3: Amendments to secondary legislation
  115. 46Credit Institutions (Protection of Depositors) Regulations 1995
  116. 47Cash Ratio Deposits (Eligible Liabilities) Order 1998
  117. 48Financial Markets and Insolvency (Settlement Finality) Regulations 1999
  118. 49Competition Act 1998 (Small Agreements and Conduct of Minor Significance) Regulations 2000
  119. 50Competition Act 1998 (Determination of Turnover for Penalties) Order 2000
  120. 51Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
  121. 52Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001
  122. 53Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001
  123. 54Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001
  124. 55Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
  125. 56Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001
  126. 57Financial Services and Markets Act 2000 (Gibraltar) Order 2001
  127. 58Financial Services and Markets Act 2000 (Confidential Information) (Bank of England) (Consequential Provisions) Order 2001
  128. 59Uncertificated Securities Regulations 2001
  129. 60Enterprise Act 2002 (Merger Fees and Determination of Turnover) Order 2003
  130. 61Financial Collateral Arrangements (No. 2) Regulations 2003
  131. 62Conduct of Employment Agencies and Employment Businesses Regulations 2003
  132. 63Credit Institutions (Reorganisation and Winding Up) Regulations 2004
  133. 64Financial Conglomerates and Other Financial Groups Regulations 2004
  134. 65Building Societies Act 1986 (Modification of the Lending Limit and Funding Limit Calculations) Order 2004
  135. 66Gambling (Operating Licence and Single-Machine Permit Fees) Regulations 2006
  136. 67Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007
  137. 68Money Laundering Regulations 2007
  138. 69Regulated Covered Bonds Regulations 2008
  139. 70Payment Services Regulations 2009
  140. 71Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009
  141. 72Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009
  142. 73Provision of Services Regulations 2009
  143. 74Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010
  144. 75Electronic Money Regulations 2011
  145. 76Recognised Auction Platforms Regulations 2011
  146. 77Financial Services and Markets Act 2000 (Prescribed Financial Institutions) Order 2013
  147. 78Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013
  148. 79Bank of England Act 1998 (Macro-prudential Measures) Order 2013
  149. 80Alternative Investment Fund Managers Regulations 2013
  150. Schedule 3Revocations
  151. Explanatory note