Prudential regulation of credit institutions and investment firms The Basel III Standards
As explained in paragraphs 19-20, most of the current prudential requirements for credit institutions and investment firms in the UK are derived from the EU CRR and EU CRD IV. In addition to elements of CRR II applying before the end of the Transition Period, EU CRD V has been transposed through the Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020) (S.I. 2020/1406) and UK regulator rules.