Section 22(3)
The Payment Services Regulations 2017 · United Kingdom
The own funds maintained must meet the following requirements— the amount of Tier 2 capital must be equal to or less than one third of the amount of Tier 1 capital; at least 75% of the amount of Tier 1 capital must be in the form of Common Equity Tier 1 capital.
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Source: legislation.gov.uk · retrieved 2026-09-04