Regulation 5 Loss absorbing instruments issued by overseas subsidiariesI1
United Kingdom
(1)
The condition in paragraph (2) is specified for the purposes of paragraph 15W(4)(b) of Schedule 19.
(2)
The instrument, or an asset representing the instrument, must be held by a UK resident entity for the purpose of satisfying a relevant requirement imposed on a member of the relevant groupf1.
Annotations
Commencement
- I1
Reg. 5 in force at 22.11.2020, see reg. 1(1)
Footnotes
- f1
-
“Relevant group” is defined in paragraph 4(1) of Schedule 19.