# The Bank Levy (Loss Absorbing Instruments) Regulations 2020, Regulation 2: Interpretation

Extent: E+W+S+N.I.

In these Regulations—
“Capital Requirements Regulation” has the meaning given in paragraph 30(4) of Schedule 19,
“PRA Rulebook” means the rulebook published by the Prudential Regulation Authority containing rules made by that Authority under the Financial Services and Markets Act 2000 as that rulebook has effect on 17 August 2022,
“relevant requirement” means—
(a)a requirement imposed by the Bank of England—
(i)by a direction given under section 3A of the Banking Act 2009, and
(ii)for the purpose of complying with the duties set out in Part 9 of the Bank Recovery and Resolution (No. 2) Order 2014,
(b)a requirement imposed under article 92 ... of the Capital Requirements Regulation,
(c)in relation to requirements imposed by an authority in exercise of its regulatory functions under the law of a country or territory outside of the United Kingdom, a requirement imposed under a comparable scheme for a comparable purpose to paragraph (a) or (b) within that country or territory, and
“Schedule 19” means Schedule 19 to the Finance Act 2011.

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Source: https://www.legislation.gov.uk/uksi/2020/1188/regulation/2 (the official version)
Page: https://openlegislation.uk/bank-levy-loss-absorbing-instruments-regulations-2020/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.