Regulation 90 Supervisory measures | European Union (Capital Requirements) Regulations 2014 [S.I. No. 158 of 2014] | Better Regulation

AI Summary of Regulation 90 Supervisory measures

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 29 December 2020 - onwards

Regulation 90 Supervisory measures

(1) The Bank shall require an institution, financial holding company or mixed financial holding company to take the necessary measures at an early stage to address relevant problems in the following circumstances:

(a) the institution, financial holding company or mixed financial holding company, as the case may be, does not meet the requirements of these Regulations or of the Capital Requirements Regulation;

(b) the Bank has evidence that the institution, financial holding company or mixed financial holding company, as the case may be, is likely to breach the requirements of these Regulations, or of the Capital Requirements Regulation, within the subsequent 12 months.

(2) For the purposes of paragraph (1), the powers of the Bank shall include the powers referred to in Regulation 92.

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