Impact of Brexit: CRR and prudential regulation—quick guide
Impact of Brexit: CRR and prudential regulation—quick guide

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Impact of Brexit: CRR and prudential regulation—quick guide
  • Background: The UK’s Brexit preparations and the EU-UK trade agreement
  • Relevant retained EU law and UK legislation—prudential regulation
  • Key changes introduced by the Capital Requirements (Amendment) (EU Exit) Regulations 2018
  • Group consolidation
  • EU 27 exposures
  • Macro-prudential measures
  • Transfer of functions
  • Links to other dossiers
  • Key changes introduced by the Capital Requirements (Amendment) (EU Exit) Regulations 2019
  • More...

This Brexit Capital Requirements Regulation (EU) 575/2013 (EU CRR) quick guide details UK legislation and retained EU legislation that was amended and/or revoked by the Capital Requirements (Amendment) (EU Exit) Regulations 2018, SI 2018/1401 (the CRR SI), the Capital Requirements (Amendment) (EU Exit) Regulations 2019, SI 2019/1232 (the CRRII SI), the Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020, SI 2020/1406 (the CRDV SI), and other instruments with effect from the end of the implementation period following the UK’s withdrawal from the EU, as well as corresponding changes to Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) regulatory rules and guidance. It also highlights key areas in which the UK has opted to diverge from the EU prudential regime following the end of the implementation period. For a high-level overview of the status of the EU CRR and EU CRR II under UK law with effect from 1 January 2021, see Practice Note: Quick Look Brexit Financial Services Legislation Status Guide—CRR. For a high-level overview of the status of Capital Requirements Directive IV (EU CRD IV) and Capital Requirements Directive (EU CRD V) under UK law with effect from 1 January 2021, see Practice Note: Quick Look Brexit Financial Services Legislation Status Guide—CRD IV and CRD V. For a high-level overview of the

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