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In force since 2024-11-22, as the publisher states.
Copy read on 2026-11-10. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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5 provisions
Title and introductory text
2024 No. 1200
Financial Services And Markets
The Prudential Regulation of Credit Institutions (Meaning of CRR Rules and Recognised Exchange) (Amendment) Regulations 2024
Made
21st November 2024
Coming into force
22nd November 2024
The Treasury make these Regulations in exercise of the powers conferred by sections 3, 83(1) and (2) and 84(2)(a) of the Financial Services and Markets Act 2023.
The Treasury have consulted the Prudential Regulation Authority and the Financial Conduct Authority in accordance with section 3(6) of that Act.
A draft of these Regulations has been laid before, and approved by a resolution of, each House of Parliament in accordance with sections 3(10), 83(3) and 84(3) of that Act.
Propose a change1 Citation, commencement and extent
(1) These Regulations may be cited as the Prudential Regulation of Credit Institutions (Meaning of CRR Rules and Recognised Exchange) (Amendment) Regulations 2024.
(2) These Regulations come into force on the day after the day on which they are made.
(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
Propose a change2 Amendment to the Financial Services and Markets Act 2000
In section 144A of the Financial Services and Markets Act 2000 (CRR Rules), in subsection (4)—
(a) omit “or” at the end of paragraph (a);
(b) after paragraph (b) insert
, or
(c) it has been or may be revoked by section 1 of the Financial Services and Markets Act 2023.
.
Propose a change3 Amendment to the Financial Services Act 2021
In section 5 of the Financial Services Act 2021 (prudential regulation of credit institutions etc by PRA rules), in subsection (2) after “section 3” insert “or has been revoked by section 1 of the Financial Services and Markets Act 2023”.
Propose a change4 Amendment to Regulation (EU) No 575/2013
In Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (definitions), in paragraph 1(72), for the definition of “recognised exchange” substitute—
“recognised exchange” means an exchange which is—
a UK regulated market, as defined in Article 2(1)(13A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (definitions)
a recognised overseas investment exchange, as defined in regulation 2(1) of the Investment Bank Special Administration Regulations 2011 (interpretation), or
an investment exchange (other than a recognised overseas investment exchange) that satisfies any conditions specified in the PRA Rulebook for the purpose of identifying recognised exchanges or assets traded on such exchanges;
.
Propose a change