Regulation 84 Article 28 (Common Equity Tier 1 instruments)

In Article 28(1) (Common Equity Tier 1 instruments)—

(a)

in points (a) and (g), after “applicable national law” insert “of the United Kingdom, or any part of it, or of a third country”;

(b)

in point (c)—

(i)

for point (i) substitute—

“(i)
they qualify as capital, which for these purposes comprises all amounts, regardless of their actual designations, which, in accordance with the legal structure of the institution concerned, are regarded under the applicable law of the United Kingdom, or any part of it, or of a third country, as equity capital subscribed by the shareholders or other proprietors;”;

(ii)

in point (iii) after “national insolvency law” insert “of the United Kingdom, or any part of it, or of a third country”.