Financial Services Act 2021 (c. 22)

SCHEDULES

SCHEDULE 1 U.K. Exclusion of certain investment firms from the Capital Requirements Regulation: consequential amendments

PART 1 U.K. Amendments of the Capital Requirements Regulation

12 (1) Article 82(a) (Qualifying Additional Tier 1, Tier 1, Tier 2 capital and qualifying own funds) is amended as follows. U.K.

(2) After point (ii) insert—

“(iia) an intermediate financial holding company or intermediate mixed financial holding company that is subject to the requirements of this Regulation on a sub-consolidated basis;

(iib) an intermediate investment holding company that is subject to the requirements of Part 9C rules on a consolidated basis;

(iic) an FCA investment firm;”.

(3) In point (iii)—

(a) after “subject to prudential requirements” insert “ which are ”,

(b) for “where” substitute “ which ”, and

(c) omit “that those prudential requirements”.

Commencement Information

I1 Sch. 1 para. 12 in force at 1.1.2022 by S.I. 2021/671, reg. 5(1)(b) (with reg. 5(2)) (as amended by S.I. 2021/1163, regs. 1(2), 2)