Consultation on updating the UK’s Prudential Regime before the end of the Transition Period
This consultation sought views on the UK’s approach to updating the UK’s Prudential Regime before the end of the Transition Period
Opened
16 Jul 2020
Closed
20 Aug 2020
▤ Verbatim text from source document
The Capital Requirements Directive V (CRDV) entered into force on 27 June 2019.
The Directive makes amendments to the original 2013 Capital Requirements Directive IV (CRDIV) provisions, in order to update the EU’s regulatory framework for capital and liquidity requirements.
The Directive must be transposed into national law by 28 December 2020. This consultation seeks views on the UK’s approach to the transposition of CRDV before the end of the Transition Period.