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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - onwards
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5. Prudential regulation of credit institutions etc by PRA rules

(1) In Schedule 3 -

(a) Part 1 inserts Part 9D of the Financial Services and Markets Act 2000 (prudential regulation of credit institutions etc),

(b) Part 2 amends the Prudential Regulation Authority's powers under Part 12B of that Act (approval of certain holding companies),

(c) Part 3 contains minor and consequential amendments, and

(d) Part 4 contains transitional provision.

(2) Subsections (3) to (5) apply where a provision of the Capital Requirements Regulation, or of an instrument made under that Regulation, has been revoked by regulations under section 3.

(3) In the Capital Requirements Regulation and in other enactments, except as otherwise provided -

(a) pre-revocation references to the revoked provision are to be treated as references to the corresponding CRR rule, and

(b) pre-revocation references to the Capital Requirements Regulation or the instrument, or to a division of that Regulation or instrument that included the revoked provision, are to be treated as including the

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