The Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025
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Change 1
5 Regulation (EU) No 575/2013
(1) 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 is amended as follows. (2) In Article 4(1) (definitions)— (a) in point (133) (definition of “global systemically important institution”), for the words from “in accordance with” to the end of that point substitute “as such by the PRA”; (b) in point (146)(b) (definition of “large institution”), for “Part 6 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014” substitute “Part 3 of the Capital Buffers and Macro-prudential Measures Regulations 2025”. (3) In the following provisions, for “combined buffer requirement defined in regulation 2 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014”, wherever it occurs, substitute “combined buffer defined in the Capital Buffers Part of the PRA rulebook”— (a) Article 84(1)(a) (minority interests included in consolidated Common Equity Tier 1 capital); (b) Article 85(1)(a) (Qualifying Tier 1 instruments included in consolidated Tier 1 capital); (c) Article 87(1)(a) (Qualifying own funds included in consolidated own funds).
5 Regulation (EU) No 575/2013
(1) 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 is amended as follows. (2) In Article 4(1) (definitions)— (a) in point (133) (definition of “global systemically important institution”), for the words from “in accordance with” to the end of that point substitute “as such by the PRA”; (b) in point (146)(b) (definition of “large institution”), for “Part 6 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014” substitute “Part 3 of the Capital Buffers and Macro-prudential Measures Regulations 2025”. (3) In the following provisions, for “combined buffer requirement defined in regulation 2 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014”, wherever it occurs, substitute “combined buffer defined in the Capital Buffers Part of the PRA rulebook”— (a) Article 84(1)(a) (minority interests included in consolidated Common Equity Tier 1 capital); (b) Article 85(1)(a) (Qualifying Tier 1 instruments included in consolidated Tier 1 capital); (c) Article 87(1)(a) (Qualifying own funds included in consolidated own funds).
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