These regulations implement, in part, Directive 2011/89/EU of the European Parliament and of the Council amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate (OJ L 326 8.12.2011 p.113). The Financial Conduct Authority and Prudential Regulation Authority (the “regulators”) are responsible for implementing other parts of this Directive.
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