The Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026
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Change 1
10 Overseas jurisdictions deemed designated
(1) The Schedule to these Regulations specifies the overseas jurisdictions that are to be treated as designated under regulation 3 in relation to regulations 4, 6(1), (3) and (4) and 7 for the purpose of satisfying the own funds requirements specified in article 92 of the Required Level of Own Funds (CRR) Part of the PRA Rulebook in relation to exposures to— (a) the following persons incorporated in, or formed under the law of, those overseas jurisdictions— (i) credit institutions (Part 1 of the Schedule); (ii) investment firms (Part 2 of the Schedule); (iii) exchanges (Part 3 of the Schedule); (iv) subsidiary undertakings of CRR firms which are intermediate financial holding companies (Part 4 of the Schedule); (b) central governments, central banks, regional governments, local authorities of, and public sector entities established in those overseas jurisdictions (Part 5 of the Schedule). (2) For the purposes of this regulation and the Schedule, “central bank” does not include the European Central Bank.
10 Overseas jurisdictions deemed designated
(1) The Schedule to these Regulations specifies the overseas jurisdictions that are to be treated as designated under regulation 3 in relation to regulations 4, 6(1), (3) and (4) and 7 for the purpose of satisfying the own funds requirements specified in article 92 of the Required Level of Own Funds (CRR) Part of the PRA Rulebook in relation to exposures to— (a) the following persons incorporated in, or formed under the law of, those overseas jurisdictions— (i) credit institutions (Part 1 of the Schedule); (ii) investment firms (Part 2 of the Schedule); (iii) exchanges (Part 3 of the Schedule); (iv) subsidiary undertakings of CRR firms which are intermediate financial holding companies (Part 4 of the Schedule); (b) central governments, central banks, regional governments, local authorities of, and public sector entities established in those overseas jurisdictions (Part 5 of the Schedule). (2) For the purposes of this regulation and the Schedule, “central bank” does not include the European Central Bank.
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