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Paragraph 66 Minimum requirement for own funds and eligible liabilities: determination of minimum requirement for an institutionI1

In article 121 (interpretation of Chapter 1 of Part 9), in paragraph (1)—

(a)

before the definition of “relevant institution” insert—

““covered bond” means a regulated covered bond within the meaning of regulation 1(2) of the Regulated Covered Bonds Regulations 2008 M1; and;”.

(b)

in the definition of “relevant institution” for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”.

Annotations

Marginal citations

M1

S.I. 2008/346.

Commencement

I1

Sch. 3 para. 66 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)