Section 21(4)

Where the PRA concludes that a relevant institution is not subject to equivalent supervision in accordance with paragraph (2), the PRA may apply— the requirements of Directive 2013/36/EU UK law, the capital requirements regulation and CRR rules to the institution, amended as necessary; or other appropriate supervisory techniques, which must be designed to achieve the objectives of supervision on a consolidated basis ...

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