The PRA has updated Supervisory Statement 20/13: Third country equivalence aspects of the credit risk provisions in the Capital Requirements Regulation (CRR), and recognised exchanges (SS20/13).

In the updated version of SS20/13 the PRA has removed the part dealing with third country equivalence aspects of the credit risk provisions in the CRR. This part is no longer applicable as a binding European Commission decision as to which third countries apply supervisory and regulatory arrangements at least equivalent to those applied in the EU came into effect on 1 January 2015.

View Supervisory Statement (SS20/13): Third country equivalence aspects of the credit risk provisions in the CRR, and recognised exchanges, 23 January 2015