Friday, 24 September 2021

UK: The Capital Requirements Regulation (Amendment) Regulations 2021

The Capital Requirements Regulation (Amendment) Regulations 2021 were made on 22 September and come into force on 1 January 2022: see here or here (pdf). The accompanying explanatory memorandum is available here (pdf). The primary purpose of the Regulations is to revoke provisions within the Capital Requirements Regulation ((EU) No. 575/2013), part of retained EU law in the UK, in order that they can be replaced by rules made by the Prudential Regulation Authority.

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