Summary and Background Transposition of EU Directives
29.The Act does not itself implement EU Directives for the first time with the exception of certain parts of Articles 5, 6 18, 20 and 23 of the CRD which are implemented in Part 1 as detailed above in paragraph 9. Other than this, the Act replaces earlier legislation which has implemented EU Directives, most of which is set out in paragraph 9 above.