The Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) Regulations 2025
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Change 1
7 Saving for the PRA’s power to amend and revoke Commission Delegated Regulation (EU) No 523/2014
Despite its revocation brought into force by regulation 4, Article 33(4) of the Capital Requirements Regulation continues to have effect, on and after 1st January 2026, so far as is necessary to enable the PRA to amend or revoke Commission Delegated Regulation (EU) No 523/2014 of 12 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for determining what constitutes the close correspondence between the value of an institution’s covered bonds and the value of the institution’s assets.
7 Saving for the PRA’s power to amend and revoke Commission Delegated Regulation (EU) No 523/2014
Despite its revocation brought into force by regulation 4, Article 33(4) of the Capital Requirements Regulation continues to have effect, on and after 1st January 2026, so far as is necessary to enable the PRA to amend or revoke Commission Delegated Regulation (EU) No 523/2014 of 12 March 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for determining what constitutes the close correspondence between the value of an institution’s covered bonds and the value of the institution’s assets.
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