Closed consultation

Implementing amendments to the Capital Requirements Directive

This consultation was published under the 2005 to 2010 Labour government

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Original consultation

This consultation ran from to

Summary

Seeking views on proposals for implementing Directive 2009/111/EC (CRD2) which makes amendments to the Capital Requirements Directive.

Documents

Implementing amendments to the Capital Requirements Directive: a consultation document (PDF 475KB)

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The Regulatory Impact Assessment (PDF 1.9MB)

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Transposition Table: Implementing Directive 2006/48/EC (Banking Consolidation Directive) (Word 1.6MB)

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Transposition Table: Implementing Directive 2006/49/ EC (Capital Adequacy Directive) (Word 460KB)

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Consultation description

The Government consulted on its proposals for implementing Directive 2009/111/EC (CRD2) which makes amendments to the Capital Requirements Directive. 

No concerns were raised in response to the consultation about the Treasury’s proposed approach to implementation. However, certain technical and drafting changes have been made to the version of the Regulations published for consultation.

The Capital Requirements (Amendment) Regulations 2010 were made on 28 October 2010 and come into force on 31 December 2010.

The Financial Services Authority (FSA) are responsible for making rules implementing those elements of CRD2 which do not fall on HM Treasury to implement.

Transposition tables setting out how the main provisions of the Capital Requirements Directive (Directives 2006/48/EC and 2006/49/EC), as amended by Directive 2009/111/EC, are transposed are available within our media links section.