Paragraph 83 Requirement to write down or convert capital instruments

(1)

Article 149 (application and interpretation of Part 10) is amended as follows.

(2)

In paragraph (2)—

(a)

in the definition of “alternative measure”, in paragraph (b), for “a measure referred to in” substitute “a power of the FCA or PRA by or under legislation upon which the United Kingdom relied immediately before exit day to meet its obligations with respect to”;

(b)

omit the definitions of “appropriate authority” and “non-UK group entity”.

(3)

In paragraph (3) in the definition of “group entity” omit paragraph (a).