Statutory guidance

皇冠体育app Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022

Draft Statutory Instrument: 皇冠体育app Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2022

From:
HM Treasury
Published
1 March 2022

Documents

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https://questions-statements.parliament.uk/written-statements/detail/2022-03-01/hcws650

Details

  • 皇冠体育appse regulations are part of a package of instruments which update the UK鈥檚 regulatory framework with new capital and liquidity rules for banks and investment firms.

  • 皇冠体育appy ensure that the UK鈥檚 regulatory framework continues to function effectively following the UK鈥檚 withdrawal from the EU and makes important updates to implement international standards set by the Basel Committee on Banking Standards.

  • 皇冠体育appy also repeal the Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014 as it is redundant following the removal of FCA-regulated investment firms from the UK resolution regime.

Updates to this page

Published 1 March 2022

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