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UK financial-holding-company prudential rules put out for consultation by BOE

( June 21, 2021, 11:17 GMT | Official Statement) -- MLex Summary: UK financial holding companies would need to apply for regulatory approval or exemption, under a consultation paper published by the Bank of England today. The new guidelines would implement EU capital-requirement laws, which give holding companies of banks or investment firms direct responsibility for complying with prudential requirements of a consolidated group.Statement follows. Document attached. ...

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