Section 4

For the purposes of every provision of Directive 2013/36/EU UK law and the capital requirements regulation— the PRA is responsible for— all the functions of a competent authority in respect of PRA-authorised persons and financial holding companies and mixed financial holding companies approved or designated by the PRA under— Part 12B of FSMA, or regulation 5 of the Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020; the application of Article 124(2) and Article 164(6) of the capital requirements regulation; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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