
2006 No. 3221
FINANCIAL SERVICES AND MARKETS
The Capital Requirements Regulations 2006  (revoked)
Made 4th December 2006
Laid before Parliament 5th December 2006
Coming into force 1st January 2007
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PART 1 INTRODUCTION
Citation, commencement and interpretation
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PART 2 APPLICATIONS FOR PERMISSIONS
Application for permission
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Applications to  an appropriate regulator  as EEA consolidated supervisor
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Applications forwarded to  an appropriate regulator  as a relevant competent authority
4 
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Proposals to vary or revoke a decision or joint decision
5 
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6 
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Recognition and application of a decision or joint decision
7 
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Exercise of functions under  section 138A  of the Act for the purpose of applying a decision or a joint decision
8 
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9 
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PART 3 EXERCISE OF SUPERVISION
 Duties of an appropriate regulator  as an EEA consolidated supervisor
10 
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10A. 
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10B. 
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11 
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12 
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12A. 
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 Duties of an appropriate regulator  as EEA consolidated supervisor or national consolidated supervisor
13 
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14 
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15 
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16 
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Significant branches
16A. 
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16B. 
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16C. 
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16D. 
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 General duties of FCA and PRA
16E. 
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The Bank of England’s general duties
16F. 
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 The relevant regulator’s  duties in relation to employee remuneration
16G. 
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Disclosed information
17 
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Amendment of the Financial Services and Markets Act 2000 (Consultation with Competent Authorities) Regulations 2001
18 
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19 
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20 
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PART 4 CREDIT INSTITUTIONS AND EXTERNAL CREDIT ASSESSMENT INSTITUTIONS
Interpretation
21 
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Recognition for exposure risk-weighting purposes
22 
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Recognition for securitisation risk-weighting purposes
23 
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Publishing recognition process and list of ECAIs
24 
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Revoking recognition
25 
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PART 5 MISCELLANEOUS
Restriction on disclosure
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Functions of  the FCA and PRA 
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Service of notices
28 
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Consequential amendments to primary and secondary legislation
29 
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SCHEDULE 1
Recognition of ECAIs
Regulations 22 and 23
PART 1 Methodology
Objectivity
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Independence
2 
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3 
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Ongoing review
4 
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5 
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6 
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Transparency and disclosure
7 
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7A. 
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PART 2 Credit assessments
Credibility and market acceptance
8 
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9 
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Transparency and Disclosure
10 
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SCHEDULE 2
Mapping
Regulation 22
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3 
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4 
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5 
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SCHEDULE 3
Consequential amendments to the Act
Regulation 29(1)
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2 
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3 
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SCHEDULE 4
Consequential amendments to other primary legislation
Regulation 29(2)
Amendment of the Consumer Credit Act 1974
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Amendment of the Companies Act 1985
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Amendment of the Building Societies Act 1986
3 
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Amendment of the Bank of England Act 1998
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Amendment of the Criminal Justice Act 1993
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Amendment of the Terrorism Act 2000
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Amendment of the Proceeds of Crime Act 2002
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SCHEDULE 5
Consequential amendments to the Financial Conglomerates and Other Financial Groups Regulations 2004
Regulation 29 (3)
1 
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SCHEDULE 6
Consequential amendments to other secondary legislation
Regulation 29(4)
Amendment of the Cash Ratio Deposits (Eligible Liabilities) Order 1998
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Amendment of the Cross-Border Credit Transfers Regulations 1999
2 
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Amendment of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999
3 
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Amendment of the Competition Act 1998 (Small Agreements and Conduct of Minor Significance) Regulations 2000
4 
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Amendment of the Competition Act 1998 (Determination of Turnover for Penalties) Order 2000
5 
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Amendment of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
6 
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Amendment of the Financial Services and Markets Act 2000 (Compensation Scheme: Electing Participants) Regulations 2001
7 
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Amendment of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
8 
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Amendment of the Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001
9 
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Amendment of the Financial Services and Markets Act 2000 (Gibraltar) Order 2001
10 
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Amendment of the Financial Services and Markets Act 2000 (Confidential Information)

			(Bank of England)

			(Consequential Provisions) Order 2001
11 
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Amendment of the Uncertified Securities Regulations 2001
12 
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Amendment of the Financial Services and Markets Act 2000 (Regulated Activities)

			(Amendment) Order 2002
13 
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Amendment of the Enterprise Act 2002 (Merger Fees and Determination of Turnover) Order 2003
14 
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Amendment of the Money Laundering Regulations 2003
15 
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Amendment of the Conduct of Employment Agencies and Employment Businesses Regulations 2003
16 
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Amendment of the Credit Institutions (Reorganisation and Winding Up) Regulations 2004
17 
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Amendment of the Building Societies Act 1986 (Modification of the Lending Limit and Funding Limit Calculations) Order 2004
18 
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