Schedule 3, Part 1, paragraph 1(1)

Sections 144C and 144D do not apply where the PRA makes CRR rules— in order to comply with a direction given by the Financial Policy Committee of the Bank of England under section 9H of the Bank of England Act 1998 (directions requiring macro-prudential measures), or in order to act in accordance with a recommendation made by that Committee under section 9Q of that Act (recommendations about the exercise of the PRA's functions).

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