HMT extends consultation deadline on applying FSMA 2000 model of regulation to UK CRR

HM Treasury (HMT) has announced an extension to the consultation deadlines set out in its policy update on applying the Financial Services and Markets Act 2000 (FSMA) model of regulation to the Capital Requirements Regulation (CRR). HMT had published a policy update inviting responses on the Overseas Recognition Regimes and Key CRR Definitions, as well as on the associated draft legislation, on 15 July. Responses were originally requested by 5 September. In response to industry feedback that additional time would be helpful for respondents, HMT has extended the deadline for responses on: (i) the Basel 3.1 transitional Statutory Instrument (The Capital Requirements Regulation (Amendment) Regulations 2025) to 12 September; and (ii) the proposed Overseas Recognition Regimes and Key UK CRR Definitions (as outlined in Chapters 3 and 4 of the policy update), together with the associated draft legislation (The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2025) to 30 September.

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