(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 [Regulation 575/2013 (OJ L 176 27.6.2013, p.1.)] is amended as follows.

(2) In Article 4(1) -

(a) at point (37), for "the accounting standards to which an institution is subject under Regulation (EC) No 1606/2002" substitute "the accounting standards to which an institution is subject under section 403(1) of the Companies Act 2006 [2006 c. 46. Section 403 has been amended by S.I. 2012/2301 and 2019/685.]";

(b) at point (77), for "the accounting standards to which an institution is subject under Regulation (EC) No 1606/2002" substitute "the accounting standards to which an institution is subject under section 403(1) of the Companies Act 2006";

(c) at point (100), for "as applicable under Regulation (EC) No 1606/2002" substitute "as applicable under UK-adopted international accounting standards";

(d) after point (128F), insert -

"(128G) 'UK-adopted international accounting standards' has the meaning given by section 474(1) of the Companies Act 2006."