Regulation 4 Regulatory capital requirements testI1

The first condition is that throughout the accounting period (“the relevant accounting period”) the CFC is a member of a UK banking group (“the CFC’s UK banking group”).

The second condition is that the CFC’s tier one capital ratio at the end of the relevant accounting period does not exceed the capital ratio limit.

The third condition is that it is reasonable to suppose that the average tier one capital ratio of the CFC during the relevant accounting period did not exceed the capital ratio limit.