Section 154

In this Part— “Common Equity Tier 1 instruments” has the meaning given in section 3(1) of the Banking Act 2009 ; and “relevant capital instruments” has the meaning given in section 3(1) of the Banking Act 2009; “UK entity” means— an institution which is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; or in relation to a relevant group, a group entity set up in the United Kingdom.

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Source: legislation.gov.uk · retrieved 2026-09-04