Regulation 8 Mandatory write-down, conversion etc.

In section 6C (mandatory reduction instruments: implementation of requirements of section 6B)^f1—

(a)

in subsection (1), in the opening words after “relevant capital instrument”, insert “or a relevant internal liability”;

(b)

in subsection (1), in paragraphs (b) and (c) after “relevant capital instrument”, insert “or the relevant internal liability”;

(c)

in subsection (1), in paragraph (b) after “the instrument”, in both places it occurs insert “or relevant internal liability”;

(d)

in subsection (2), after “relevant capital instruments” insert “or relevant internal liabilities”;

(e)

in subsection (3), after “relevant capital instruments” in both places it occurs insert “or relevant internal liabilities”;

(f)

in subsection (4), after “relevant capital instruments” insert “or relevant internal liabilities”; and

(g)

in subsection (4)(d), after “capital instrument” insert “or relevant internal liability”.

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