Section 3(3)

The Treasury may by regulations revoke a provision of the Capital Requirements Regulation where— the provision is connected with provision relating to a matter listed in subsection (2), and the Treasury consider the revocation necessary or desirable in order to maintain or improve the coherence of the prudential regime comprised in, and in provision made under, the Capital Requirements Regulation and in general rules made by the Prudential Regulation Authority.

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