(1) When making CRR rules, the PRA must, among other things, have regard to -
(a) relevant standards recommended by the Basel Committee on Banking Supervision from time to time,
(b) the likely effect of the rules on the relative standing of the United Kingdom as a place for internationally active credit institutions and investment firms to be based or to carry on activities,
(c) the likely effect of the rules on the ability of CRR firms to continue to provide finance to businesses and consumers in the United Kingdom on a sustainable basis in the medium and long term,
(d) the target in section 1 of the Climate Change Act 2008 (carbon target for 2050), and
(e) any other matter specified by the Treasury by regulations.
(2) For the purposes of subsection (1)(b), the PRA must consider the United Kingdom's standing in relation to the other countries and territories in which, in its opinion, internationally active credit institutions and investment firms are most likely to choose to be based
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