The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020

[^f00002]: 1972 c. 68. The European Communities Act 1972 was repealed by section 1 of the European Union (Withdrawal) Act 2018 (c. 16) with effect from exit day, but saved with modifications until IP completion day by section 1A of that Act (as inserted by section 1 of the European Union (Withdrawal Agreement) Act 2020 (c. 1)). Section 2(2) of the European Communities Act 1972 was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c.51) and by section 3(3) of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7). Paragraph 1A of Schedule 2 was inserted by section 28 of the Legislative and Regulatory Reform Act 2006 and amended by Part 1 of the Schedule to the European Union (Amendment) Act 2008 and S.I. 2007/1388.

[^f00003]: 2018 c. 16, amended by section 27 of the European Union (Withdrawal Agreement) Act 2020 (c. 1).

[^f00004]: 2000 c. 8, amended by paragraph 19 of Schedule 12 to the Financial Services Act 2012 (c. 21). There are other amendments to section 349 which are not relevant to these Regulations.

[^f00005]: 2000 c. 8.

[^f00006]: Sections 71B to 71I were inserted by S.I. 2016/1239.

[^f00007]: Section 71D is prospectively amended by S.I. 2019/632.

[^f00008]: Section 71I is prospectively amended by S.I. 2019/632.

[^f00009]: Part 12A was inserted by section 27 of the Financial Services Act 2012 (c. 21).

[^f00010]: S.I. 2013/556.

[^f00011]: 2009 c. 1. Section 3 is amended by the Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350. There are other amendments to that section which are not relevant for the purposes of these Regulations.

[^f00012]: S.I. 2014/3348.

[^f00013]: Section 392 was amended by paragraph 31 of Schedule 9 to the Financial Services Act 2012 (c. 21). There are other amendments to section 392 which are not relevant to these Regulations.

[^f00014]: The opening words in section 395 were amended by section 17(3) of the Financial Services Act 2012. Sub-paragraph (bc) was inserted by S.I. 2009/534. There are other amendments to subsection (13) which are not relevant to these Regulations.

[^f00015]: The definition of “capital requirements directive” was inserted by S.I. 2013/3115.

[^f00016]: S.I. 2001/544. There are other amending instruments, but none is relevant.

[^f00017]: S.I. 2013/3115, amended by S.I. 2018/1401.

[^f00018]: OJ L150, 7.6.2019, p. 253.

[^f00019]: S.I. 2001/2188.

[^f00020]: There are amendments to regulation 2 which are not relevant to these Regulations.

[^f00021]: Paragraph (4) was inserted by S.I. 2010/2628 and substituted by S.I. 2013/3115. A further substitution by S.I. 2019/681 comes into force on IP completion day. There are other amendments to regulation 9 which are not relevant to these Regulations.

[^f00022]: Regulation 10B was inserted by S.I. 2014/3348.

[^f00023]: Part 3 of Schedule 1 was amended by S.I. 2014/3348 and 2019/681.

[^f00024]: S.I. 2013/3115, amended by S.I. 2018/1401.

[^f00025]: S.I. 2015/905. There are other amending instruments, but none is relevant.

[^f00026]: S.I. 2014/894, as amended pursuant to these Regulations.

[^f00027]: S.I. 2018/1401.

[^f00028]: Section 142A was inserted by section 4(1) of the Financial Services (Banking Reform) Act 2013 (c. 33).

[^f00029]: 1986 c. 53. The definition of “deferred shares” was amended by S.I. 2001/2617. The definition of “deposit” and “share” were substituted by paragraph 53(1) of Schedule 7 to the Building Societies Act 1997 (c. 32).

[^f00030]: Subsection (10) was inserted by paragraph 2 of Schedule 9 to the Financial Services (Banking Reform) Act 2013.

[^f00031]: S.I. 2013/556. Article 3 was amended by S.I. 2013/3115; 2017/701 and 2019/632.

Editorial notes

[^key-ee63a547fe4179b6c2274d742d14a1d7]: Reg. 1 in force at 27.11.2020, see reg. 1(2)

[^key-5f4cf5a81a9798341a8b6fdeca466a4b]: Reg. 2(1)-(6) in force at 29.11.2020, see reg. 1(4)

[^key-18957bd1aaf9acc5c8712c6bf576816a]: Reg. 3 in force at 29.11.2020, see reg. 1(4)

[^key-d67018bd8e1d915b08f69a02478dccf4]: Reg. 4 in force at 27.11.2020, see reg. 1(2)

[^key-e02d32fa0bb447d8a5212d2c593722af]: Reg. 5(5) in force at 27.11.2020, see reg. 1(2)

[^key-5675dd711b1a64ab5998261eb5bdde34]: Reg. 6 in force at 29.11.2020, see reg. 1(4)

[^key-aad1b94662f828393db816d300feb90c]: Reg. 7 in force at 29.11.2020, see reg. 1(4)

[^key-6c2fe3776b45968d05ec90cd0693b356]: Reg. 8 in force at 29.11.2020, see reg. 1(4)

[^key-8da768777f4106dba7af9f4f400d80ae]: Reg. 9 in force at 27.11.2020, see reg. 1(2)

[^key-682c8a75cd1e2a6d81e5830719d8d11a]: Reg. 10 in force at 27.11.2020, see reg. 1(2)

[^key-dbc489751cca0cf07acb68fe74551be4]: Reg. 11 in force at 27.11.2020, see reg. 1(2)

[^key-c714e161ebcc0f8f70147048b34dbcf0]: Reg. 12 in force at 27.11.2020, see reg. 1(2)

[^key-d1a08d2087ac078b01b5e92fd25a9d63]: Reg. 13 in force at 27.11.2020, see reg. 1(2)

[^key-969d804f8c725d052bc774cb0226001f]: Reg. 14 in force at 27.11.2020, see reg. 1(2)

[^key-84d6f0ba8714465411d23509d6b227aa]: Reg. 15 in force at 27.11.2020, see reg. 1(2)

[^key-ab0b5674b3f8e5847d96a109ca704da1]: Reg. 16 in force at 27.11.2020, see reg. 1(2)

[^key-cbea02baf2994e1437f50cc77e943183]: Reg. 17 in force at 27.11.2020, see reg. 1(2)

[^key-b9b232a55d3353fbaec42c377856f9dd]: Reg. 18 in force at 27.11.2020, see reg. 1(2)

[^key-7ee44e22d037ed3630544f64728e0e5a]: Reg. 19 in force at 27.11.2020, see reg. 1(2)

[^key-6542f287a0ab275126aab9a6c8f1f6f6]: Reg. 20 in force at 27.11.2020, see reg. 1(2)

[^key-c2b61486806696002639f24b47cc12c1]: Reg. 2(7) in force at 28.12.2020 for specified purposes, see reg. 1(3)(a)

[^key-13cc658e2fa26740538254252d1b05bb]: Reg. 5(1)-(4)(6)-(8) in force at 29.12.2020, see reg. 1(4)

[^key-cc6e1fafea78c0e69c4281aaedfbd4f3]: Reg. 2(7) in force at 29.12.2020 in so far as not already in force, see reg. 1(3)(b)

[^key-cb2fb5ace81009841dfed7fe0f6f68dd]: Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)