# The Bank Levy (Loss Absorbing Instruments) Regulations 2020, Regulation 4: Loss absorbing instruments issued by overseas subsidiaries

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

(1) A loss absorbing capacity or recapitalisation requirement that meets the condition set out in paragraph (2) is specified for the purposes of paragraph 15V(4)(b) of Schedule 19.
(2) The requirement must be a relevant requirement.

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Source: https://www.legislation.gov.uk/uksi/2020/1188/regulation/4 (the official version)
Page: https://openlegislation.uk/bank-levy-loss-absorbing-instruments-regulations-2020/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.