Close menu

Application provision

1.1 This Part applies to a UK designated investment firm.



The changes to this rule are effective from 23:00 on 31/12/2020.

  1. (1) For the purpose of complying with Article 412 (1) of the CRR, a firm must comply with the obligations set out in the Delegated Regulation as they apply to a credit institution supervised pursuant to the CRD, subject to the modifications in (2).
  2. (2) For the purposes of (1):
    1. (a) the provisions in Article 2(3) of the Delegated Regulation do not apply where Article 12 of the CRR applies;
    2. (b) the provisions in Article 2(3)(d) and Article 38 of the Delegated Regulation do not apply; and
    3. (c) any reference to competent authority means a reference to the PRA.