Regulatory Alerts2019-02-07
Added · Updated
Circular to Credit Institutions on Annex 2C of Banking Rule BR/12 and Banking Rule BR/15
The Authority amends Annex 2C of Banking Rule BR/12 and Banking Rule BR/15 by inserting definitions for 'Discretionary pension benefits' and 'Securitisation special purpose entity (SPPE)'. These definitions align with Directive 2013/36/EU (CRD IV) and apply to BR/12 and its associated Annexes. The revised rules come into force with immediate effect for credit institutions authorised under the Banking Act 1994.
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