3 Interpretation: other expressions
Banking Act 2009 (2009 c 1) | Legislation

3  Interpretation: other expressions

[(1)]     In this Part—

[“the PRA” means the Prudential Regulation Authority,

“the FCA” means the Financial Conduct Authority, and]

[“Additional Tier 1 instruments” means capital instruments that meet the conditions laid down in Article 52(1) of the capital requirements regulation (or which qualify as Additional Tier 1 instruments by virtue of Chapter 2 [or 4] of Title I of Part Ten of that regulation),]

[“bail-in liabilities”, of an undertaking, means liabilities and capital instruments that—

(a)     do not qualify as Common Equity Tier 1 instruments, Additional Tier 1 instruments or Tier 2 instruments, of the undertaking, and

(b)     are not excluded liabilities listed in section 48B(8),]

[“the capital requirements regulation” means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms,] [as it [forms part of [assimilated] law],]

[“CRR rules” has the meaning given in section 144A of the Financial Services and Markets Act 2000,]

[“client assets” means assets which an institution has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with),]

[“Common Equity Tier 1 instruments”

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