Section 144D: Explanation to accompany consultation on CRR rules

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 9D: Prudential regulation of credit institutions etc

A draft of proposed CRR rules published in accordance with section 138J(1)(b) must be accompanied by an explanation of the ways in which having regard to the matters specified in or under section 144C(1) has affected the proposed rules (as well as being accompanied by the information listed in section 138J(2)).

If the PRA makes the proposed CRR rules, it must publish—

a summary of the purpose of the proposed rules, and
an explanation complying with subsection (1),

(as well as the information required by section 138J(4) and (5)).

This section is subject to section 144E.

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