Treasury makes UK Capital Requirements Regulations: Treasury has made the Capital Requirements
Regulations 2013, which take effect from 1 January 2014 except for certain transitional provisions,
which will come into force on a date that will be specified by the Commission. The Regulations, which
implement in part the CRD 4 package, primarily deal with the powers and duties of the regulators. They
also address procedural aspects for UK regulators' use of their discretion to grant CRR permissions.
Otherwise, the Regulations make a number of consequential amendments to various primary and
secondary legislation. (Source: Capital Requirements Regulations 2013)