# The Bank Recovery and Resolution (No. 2) Order 2014, Article 154: Interpretation of Part


In this Part—
“Common Equity Tier 1 instruments” has the meaning given in section 3(1) of the Banking Act 2009 ; and
“relevant capital instruments” has the meaning given in section 3(1) of the Banking Act 2009;
“UK entity” means—
(a)an institution which is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; or
(b)in relation to a relevant group, a group entity set up in the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/article/154 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-154
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.