[144E Exceptions from sections 144C and 144D etc]

[144E  Exceptions from sections 144C and 144D etc]

[(1)ÌýÌýÌýÌý Sections 144C and 144D do not apply where the PRA makes CRR rules—

(a)ÌýÌýÌýÌý in order to comply with a direction given by the Financial Policy Committee of the Bank of England under section 9H of the Bank of England Act 1998 (directions requiring macro-prudential measures), or

(b)ÌýÌýÌýÌý in order to act in accordance with a recommendation made by that Committee under section 9Q of that Act (recommendations about the exercise of the PRA's functions).

(2)ÌýÌýÌýÌý Section 144C does not apply where the PRA makes

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