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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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6 provisions
Title and introductory text
2025 No. 1333
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025
Made
15th December 2025
Coming into force
1st January 2026
The Treasury make these Regulations in exercise of the powers conferred by section 83(1) and 83(2) of the Financial Services and Markets Act 2023.
A draft of this instrument has been laid before and approved by a resolution of each House of Parliament in accordance with sections 83(3) and 84(3) and (5) of that Act.
Propose a change1 Citation, commencement and extent
(1) These Regulations may be cited as the Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025.
(2) These Regulations come into force on 1st January 2026.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
Propose a change2 Banking Act 2009
In section 3(1) (interpretation: other expressions) of the Banking Act 2009—
(a) in the definition of “Common Equity Tier 1 instruments”—
(i) after “to (4),” insert “or”;
(ii) omit “or 31(1)”;
(b) in the definition of “own funds requirements”, for “to” substitute “and”.
Propose a change3 Bank Recovery and Resolution (No. 2) Order 2014
In articles 64(2) (interpretation of Chapter 3) and 68(2) (interpretation of Chapter 4) of the Bank Recovery and Resolution (No. 2) Order 2014, in the definition of “response period”, in sub-paragraph (a), omit “, as applicable,” and “the requirements referred to in Articles 92a and 494 of the capital requirements regulation or”.
Propose a change4 Financial Conglomerates and Other Financial Groups (Amendment etc.) (EU Exit) Regulations 2019
In regulation 7(6) (transfer of functions to the competent authorities to ensure consistent application of the technical calculation methods of capital adequacy requirements for regulated entities in a financial conglomerate) of the Financial Conglomerates and Other Financial Groups (Amendment etc.) (EU Exit) Regulations 2019, omit sub-paragraph (a) and the “and” after it.
Propose a change5 Bank Levy (Loss Absorbing Instruments) Regulations 2020
In regulation 2 (interpretation) of the Bank Levy (Loss Absorbing Instruments) Regulations 2020, in the definition of “relevant requirement”, in paragraph (b), omit “or article 92a”.
Propose a change