Schedule 1, Part 1, paragraph 37

Article 325az (alternative internal model approach and permission to use alternative internal models) is amended as follows. In paragraph 8, for “The FCA and PRA may each” substitute “ The PRA may ”. In paragraph 9— for “The FCA and the PRA may each” substitute “ The PRA may ”, and for “they” substitute “ it ”.

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Source: legislation.gov.uk · retrieved 2026-09-04