Schedule 3: Prudential regulation of credit institutions etc. Part 4: Transitional provision
Part 4 of Schedule 3 allows for consultation requirements in relation to CRR rules and 192XA rules that are not CRR Rules, to be satisfied by things done by the PRA before, as well as after, Royal Assent. Paragraph 24 specifies what counts as a relevant equivalence decision. Paragraph 25 sets out that the carbon target described in section 143G(1) applies to CRR rules and 192XA rules made after 1 January 2022.
	To ensure continuity paragraph 26 also provides that rules made under section 192V of FSMA as inserted by the Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020, are to be deemed as section 192XA rules and that breaches of section 192V rules can continue to be enforced against following their repeal and replacement.