The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021

[^f00006]: EUR 2013/575, amended, or prospectively amended by, sections 1 and 7 of, and Schedules 1 and 4 to, the Financial Services Act 2021 (c. 22) and S.I. 2018/1401, 2019/264, 660, 710 and 1232, 2020/1301, 1385 and 1470 and 2021/558.

[^f00007]: See section 22B(2)(a)(i) of the Financial Services and Markets Act 2000.

[^f00008]: 1998 c. 11; section 9N was inserted by section 4(1) of the Financial Services Act 2012.

[^f00009]: 2000 c. 8; section 22B was inserted, with section 22A, by section 9 of the Financial Services Act 2012; “PRA-regulated activity” is defined in section 22 of the Financial Services and Markets Act 2000, which has been amended by section 7(1) of the Financial Services Act 2012; section 144F was inserted by paragraph 1 of Schedule 3 to the Financial Services Act 2021 (c. 22); and section 429(2) was amended by section 5 and paragraph 19 of Schedule 3 to that Act.

[^f00010]: 1986 c. 45; section 387A was inserted by S.I. 2018/1244.

[^f00011]: EUR 2013/575, amended, or prospectively amended by, sections 1 and 7 of, and Schedules 1 and 4 to, the Financial Services Act 2021 (c. 22) and S.I. 2018/1401, 2019/264, 660, 710 and 1232, 2020/1301, 1385 and 1470 and 2021/558.

[^f00012]: Section 144A was inserted by paragraph 1 of Schedule 3 to the Financial Services Act 2021.

[^f00013]: Section 143F was inserted by paragraph 1 of Schedule 2 to the Financial Services Act 2021.

[^f00014]: S.I. 1989/2405 (N.I.19); article 347A was inserted by S.I. 2018/1244 and modified by S.I. 2020/1350.

[^f00015]: 2000 c. 8.

[^f00016]: Section 3M was inserted by the Financial Services Act 2012 (c. 21) and amended by S.I. 2019/632.

[^f00017]: Sections 55A to 55Z and 55Z1 to 55Z4 were substituted for Part IV (sections 40 to 55) by the Financial Services Act 2012 (c. 21) and section 55J(6A) was inserted by S.I. 2013/1773 and amended by S.I. 2013/3115 and 2019/632.

[^f00018]: Section 55PB was inserted by S.I. 2016/1239.

[^f00019]: Relevant amending instruments are S.I. 2018/1401 and section 1(2) of the Financial Services Act 2021 (c. 22).

[^f00020]: Section 71I was inserted by S.I. 2016/1239.

[^f00021]: Section 137J was inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and subsection (6) was amended by S.I. 2019/632.

[^f00022]: Article 4(1)(2AA) is inserted by section 1(4) of the Financial Services Act 2021 and will come into force on 1st January 2022; see S.I. 2021/671 (C. 27).

[^f00023]: Section 192JB was inserted by section 133(1) of the Financial Services (Banking Reform) Act 2013 (c. 33) and subsection (4) was substituted by S.I. 2014/3329.

[^f00024]: Sections 190O, 192R and 192T were inserted by S.I. 2020/1406 and were amended by paragraphs 4, 14, 15 and 16 of Schedule 3 to the Financial Services Act 2021.

[^f00025]: 2000 c. 11; Schedule 3A was inserted by section 3 and paragraphs 5(1) and (6) of Part 3 of Schedule 2 to the Anti-terrorism, Crime and Security Act 2001 (c. 24) and the definition of “Capital Requirements Regulation” in paragraph 3(1) of Schedule 3A was inserted by S.I. 2013/3115.

[^f00026]: 2002 c. 29; Part 1 of Schedule 9 was substituted by article 2 of S.I. 2007/3287; the definition of “Capital Requirements Regulation” was inserted by S.I. 2013/3115 and amended by S.I. 2017/692.

[^f00027]: 2008 c. 2; section 15(2) was amended by S.I. 2013/3115.

[^f00028]: 2008 c. 28; paragraph 7 of Part 2 of Schedule 7 was amended by S.I. 2013/3115.

[^f00029]: 2009 c. 1.

[^f00030]: The definition of “the capital requirements regulation” in section 3(1) was inserted by S.I. 2014/3329 and amended by S.I. 2018/1394 and 2020/1385.

[^f00031]: 2000 c. 8; section 144A was inserted by paragraph 1 of Schedule 3 to the Financial Services Act 2021.

[^f00032]: Section 6A was inserted by S.I. 2014/3329 and amended by S.I. 2016/1239 and 2018/1394.

[^f00033]: 2016 asp 21; section 129A was inserted by S.I. 2018/1244.

[^f00034]: S.I. 2001/3084, as amended by S.I. 2018/589. These Regulations are prospectively revoked by paragraph 19 of Schedule 8 to the Financial Services Act 2021.

[^f00035]: S.I. 2004/1862, as amended by S.I. 2013/3115; there are other amending instruments but none are relevant.

[^f00036]: S.I. 2011/99 as amended by S.I. 2013/3115; there are other amending instruments but none are relevant.

[^f00037]: S.I. 2013/644, as amended by S.I. 2018.1297; there are other amending instruments but none are relevant.

[^f00038]: S.I. 2013/556, amended by S.I. 2019/632; there is another amending instrument but it is not relevant.

[^f00039]: Section 59 of the Financial Services and Markets Act 2000 was amended by section 18 of, and paragraph 1 of Schedule 3 to, the Financial Services (Banking Reform) Act 2013 (c. 33), paragraph 2 of Schedule 4 to the Bank of England and Financial Services Act 2016 (c. 14), section 14 of the Financial Services Act 2012 (c. 21) and S.I. 2013/1773.

[^f00040]: S.I. 2013/3115, amended by paragraphs 22 and 23 of Schedule 3 to the Financial Services Act 2021 (c. 22); relevant amending instruments are S.I. 2018/1401, S.I. 2019/264 and S.I. 2020/1406.

[^f00041]: Regulation 2A was inserted by S.I. 2018/1401.

[^f00042]: Regulation 34A and 34B were inserted by S.I. 2018/1401.

[^f00043]: Regulation 39 is amended by paragraph 22 of Schedule 3 to the Financial Services Act 2021.

[^f00044]: S.I. 2014/894, as amended by S.I. 2018/1401.

[^f00045]: S.I. 2018/1401.

[^f00046]: Regulation 12A was inserted by S.I. 2018/1401.

[^f00047]: S.I. 2014/2080.

[^f00048]: The definition of “liquid assets” was amended by S.I. 2019/632.

[^f00049]: S.I. 2014/3348.

[^f00050]: S.I. 2014/3348; the definitions of “appropriate regulator”, “conditions for early intervention” and “consolidating supervisor” were amended by, and “investment firm” was inserted by, S.I. 2018/1394.

[^f00051]: 2009 c. 1; section 258A was inserted by section 21 of the Financial Services Act 2012 (c. 21) and amended by S.I. 2013/3115 and S.I. 2018/1394.

[^f00052]: Articles 11(1)(a), 33(6)(a), 36, 53(4)(a), 107, 121(1), 147(3)(b), 154, 159(1)(a), 181 and paragraph 4 of Schedule 2 were amended by S.I. 2018/1394.

[^f00053]: S.I. 2015/575; regulation 11 was amended by S.I. 2019/407.

[^f00054]: S.I. 2017/692.

[^f00055]: S.I. 2017/701; the definition of “the capital requirements regulation” was inserted by S.I. 2017/1255.

[^f00056]: S.I. 2017/752, as amended by S.I. 2018/1201; there are other amending instruments but none are relevant.

[^f00057]: EUR 2012/648, as amended by S.I. 2018/1184, S.I. 2018/1318, S.I. 2019/335, S.I. 2019/1416 and S.I. 2020/646.

[^f00058]: Points (32) to (35) were inserted by S.I. 2018/1184.

[^f00059]: Article 3 was amended by S.I. 2019/335 and S.I. 2019/685.

[^f00060]: EUR 2013/575, amended, or prospectively amended, by sections 1 and 7 of, and Schedules 1 and 4 to, the Financial Services Act 2021 (c. 22) and S.I. 2018/1401, 2019/264, 2019/660, 2019/710, 2019/1232, 2020/1301, 2020/1385, 2020/1470 and 2021/558.

[^f00061]: Article 49 was amended by S.I. 2018/1401 and S.I. 2019/264.

[^f00062]: Article 63 was amended by S.I. 2019/264.

[^f00063]: Article 89 was amended by S.I. 2018/1401.

[^f00064]: Article 92 is prospectively amended by paragraph 3 of Schedule 4 to the Financial Services Act 2021.

[^f00065]: Article 124 was amended by S.I. 2020/1385.

[^f00066]: Article 144 was amended by S.I. 2018/1401 and is prospectively amended by paragraph 5 of Schedule 4 to the Financial Services Act 2021.

[^f00067]: Article 164 was amended by S.I. 2020/1385.

[^f00068]: Article 181 was amended by S.I. 2018/1401 and is prospectively amended by paragraph 47 of Schedule 1 to the Financial Services Act 2021.

[^f00069]: Article 197 was amended by S.I. 2018/1401 and is prospectively amended by paragraph 47 of Schedule 1 to the Financial Services Act 2021.

[^f00070]: Paragraph (5A) of Article 223 is prospectively inserted by paragraph 7 of Schedule 4 to the Financial Services Act 2021.

[^f00071]: Article 249 was amended by S.I. 2019/660.

[^f00072]: Article 255 was amended by S.I. 2019/660 and is prospectively amended by paragraph 47 of Schedule 1 to the Financial Services Act 2021.

[^f00073]: Paragraph 4 of Article 283 is prospectively substituted by paragraph 8 of Schedule 4 to the Financial Services Act 2021.

[^f00074]: Article 298 was amended by S.I. 2018/1401.

[^f00075]: Article 325 was amended by S.I. 2019/1232 and is prospectively amended by paragraph 47 of Schedule 1 to the Financial Services Act 2021.

[^f00076]: Article 384 is prospectively amended by paragraph 11 of Schedule 4 to the Financial Services Act 2021.

[^f00077]: Annex III was amended by S.I. 2018/1401 and is prospectively amended by paragraph 46 of Schedule 1 to the Financial Services Act 2021.

[^f00078]: EUR 909/2014.

[^f00079]: Article 2 was amended by S.I. 2018/1320.

[^f00080]: Article 46(1) was substituted by S.I. 2018/1320.

[^f00081]: Article 54 was amended by S.I. 2018/1320.

[^f00082]: EUR 2017/565 OJ L 87, 31.3.2017, p. 1–83.

[^f00083]: Point (16) was inserted by S.I. 2018/1403.

[^f00084]: EUR 2013/36.

[^f00085]: Article 41 was amended by S.I. 2018/1403.

[^f00086]: EUR 2014/49/EU OJ L 173, 12.6.2014, p. 149–178.

[^f00087]: EUR 2017/1129, as amended by S.I. 2019/107 and 2020/628.

[^f00088]: EUR 2017/1131, amended by S.I. 2019/394.

[^f00092]: https://www.legislation.gov.uk/uksi/2019/541/pdfs/uksiod_20190541_en_015.pdf. These Directions were made under S.I. 2019/541 and have effect subject to regulation 8(1) of S.I. 2020/1055.

[^f00093]: S.I. 2021/1078.

[^f00094]: Article 13 was amended by S.I. 2019/1232.

[^f00095]: Article 429 was amended by S.I. 2018/1401 and 2019/710; Article 430(1) was amended by S.I. 2018/1401.

[^f00096]: Part Eight was amended by S.I. 2018/1401 and 2019/1232 and is prospectively amended by paragraphs 40, 41 and 47 of Schedule 1 to the Financial Services Act 2021 (c. 22).

[^f00097]: Article 459 was amended by S.I. 2018/1401.

[^f00098]: Article 500d was amended by paragraph 12 of Schedule 4 to the Financial Services Act 2021 (c. 22).

[^f00099]: EUR 2014/680; this instrument was amended by the Technical Standards (Capital Requirements) (EU Exit) (No. 3) Instrument 2019 made by the Prudential Regulation Authority under S.I. 2018/1115 on 9th April 2019.

[^f00100]: EUR 2016/200; this instrument was amended by the Technical Standards (Capital Requirements) (EU Exit) (No. 3) Instrument 2019 made by the Prudential Regulation Authority under S.I. 2018/1115 on 9th April 2019.

[^f00101]: “the Capital Requirements Regulation” is defined in section 47 of the Financial Services Act 2021 (c. 22).

[^f00102]: Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions.

[^f00103]: 2000 c. 8.

[^f00104]: 2000 c. 8. Section 143A was inserted by Schedule 2 to the Financial Services Act 2021 (c. 22).

[^f00105]: 2009 c. 1. Section 258A was inserted by section 21 of the Financial Services Act 2012 (c. 21). Section 258A has been amended by S.I. 2013/3115 and 2018/1394.

[^f00106]: “the Capital Requirements Regulation” is defined in section 47 of the Financial Services Act 2021 (c. 22).

[^f00107]: EUR 2017/2402; Article 6 was amended by S.I. 2019/660 and is amended by regulation 30 of this instrument.

[^f00108]: 2000 c. 8.

[^f00109]: 2021 c. 22.

[^f00110]: 2000 c. 8; section 143B(2) was inserted by paragraph 1 of Schedule 2 to the Financial Services Act 2021 (c. 22).

Editorial notes

[^key-033321306bfa4f8abf643c4aa3b5ea61]: Reg. 1 in force at 8.12.2021, see reg. 1(2)

[^key-033483f802aa4707418765d7bf834454]: Reg. 2 in force at 1.1.2022, see reg. 1(3)

[^key-3d8c69f6c57725efddac191081b159b4]: Reg. 3 in force at 1.1.2022, see reg. 1(3)

[^key-75718900b36435e2c6293abe4bc9e091]: Reg. 4 in force at 1.1.2022, see reg. 1(3)

[^key-011709198c9c4799f41fa7775937b595]: Reg. 5 in force at 1.1.2022, see reg. 1(3)

[^key-f50d63e289ee8d1b97784f6354f522c9]: Reg. 6 in force at 1.1.2022, see reg. 1(3)

[^key-8f591daaab2e09f346b1211322a1942b]: Reg. 7 in force at 1.1.2022, see reg. 1(3)

[^key-7ac6a7252bd08ad873c1e25f292c4b02]: Reg. 8 in force at 1.1.2022, see reg. 1(3)

[^key-65a59812da994beb08b1fcd380956f11]: Reg. 9 in force at 1.1.2022, see reg. 1(3)

[^key-c2d31d4965ceb5232a65b1e4db24d156]: Reg. 10 in force at 1.1.2022, see reg. 1(3)

[^key-f039b1dc3c1550572879249bd1d29f4e]: Reg. 11 in force at 1.1.2022, see reg. 1(3)

[^key-e77e8f676d4b338f205a54e381dfb5ab]: Reg. 12 in force at 1.1.2022, see reg. 1(3)

[^key-97b84697c67590a42e3251bc469f7347]: Reg. 13 in force at 1.1.2022, see reg. 1(3)

[^key-778d53c70571b40a022965c43e6e9407]: Reg. 14 in force at 1.1.2022, see reg. 1(3)

[^key-80309d8193f3e7f1f6af022a95bce9d2]: Reg. 15 in force at 1.1.2022, see reg. 1(3)

[^key-b45c8ac4e769043b7260c9e1c4b7ebd7]: Reg. 16 in force at 1.1.2022, see reg. 1(3)

[^key-4419e69c826a997153ad33f44f7abf9d]: Reg. 17 in force at 1.1.2022, see reg. 1(3)

[^key-4a17e0f21ee7eabcc2b4afee8b4a1fce]: Reg. 18 in force at 1.1.2022, see reg. 1(3)

[^key-8d1b978243c0ce7f92fe3101c3ff9e69]: Reg. 19 in force at 1.1.2022, see reg. 1(3)

[^key-0b3d37f59a355ef7d94390d9363a9459]: Reg. 20 in force at 1.1.2022, see reg. 1(3)

[^key-097827ddddb6f59bf5351f3e9b3b05fc]: Reg. 21 in force at 1.1.2022, see reg. 1(3)

[^key-22a22f6195dab89ce695eb05f90bb2ce]: Reg. 22 in force at 1.1.2022, see reg. 1(3)

[^key-86c32446a81f71236365a89d6ffbce4c]: Reg. 23 in force at 1.1.2022, see reg. 1(3)

[^key-47cbaa047c62d30692492f5d050134a3]: Reg. 24 in force at 1.1.2022, see reg. 1(3)

[^key-6ca48cccf3251da9cae77f5d9952d5b5]: Reg. 25 in force at 1.1.2022, see reg. 1(3)

[^key-0b98adff119c87218d7c819e5eba9fb3]: Reg. 26 in force at 1.1.2022, see reg. 1(3)

[^key-03d32141709550b18ad355eeb8e1c8c9]: Reg. 27 in force at 1.1.2022, see reg. 1(3)

[^key-a31b351a3690ac82c5f7058a205afaf2]: Reg. 28 in force at 1.1.2022, see reg. 1(3)

[^key-4a8f85b535283ab7fa53e00766d9db10]: Reg. 29 in force at 1.1.2022, see reg. 1(3)

[^key-255affa39204db35b3451adb3b6e844d]: Reg. 31 in force at 1.1.2022, see reg. 1(3)

[^key-3760bd3f65176e386e3455790e3d4d2f]: Reg. 32 in force at 8.12.2021, see reg. 1(2)

[^key-387c0a35d4c34173edf10aab063c8ce2]: Reg. 33 in force at 1.1.2022, see reg. 1(3)

[^key-f1f6fa74ed7ab8a80f4187c0c5c4a4f6]: Reg. 34 in force at 1.1.2022, see reg. 1(3)

[^key-91c1bad4a5e5590716f189e9e9b20af1]: Reg. 35 in force at 1.1.2022, see reg. 1(3)

[^key-648c1c7cdbb6bd67330afb72df5c99c4]: Reg. 36 in force at 1.1.2022, see reg. 1(3)

[^key-7f1a8e0441bd7f6c6817f09db38f37d0]: Reg. 37 in force at 1.1.2022, see reg. 1(3)

[^key-7c1d959b84d326d03224e49c41ad02d3]: Reg. 38 in force at 1.1.2022, see reg. 1(3)

[^key-5d9d17257a758680c45b7e37c8d27c38]: Word in reg. 34 substituted (17.8.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022 (S.I. 2022/838), regs. 1(2), 18

[^key-182284da27c6d3f0cd1a5c2e91624c78]: 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)