{
  "url": "https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013/regulation-2",
  "json_url": "https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013/regulation-2.json",
  "legislation": "ukdsi/2013/9780111106273",
  "legislation_title": "The Taxation of Regulatory Capital Securities Regulations 2013",
  "legislation_url": "https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Regulatory capital securities",
  "text": "(1) For the purposes of these Regulations, “regulatory capital security” means a security which qualifies, or has qualified, as—\n(a) an Additional Tier 1 instrument and forms, or formed, a component of Additional Tier 1 capital for the purposes of CRR, or\n(b) a Tier 2 instrument and forms, or formed, a component of Tier 2 capital for the purposes of CRR.\n(2) In paragraph (1), “security” does not include shares other than deferred shares issued by a building society within paragraph (1)(a).\n(3) For the purposes of this regulation—\n“Additional Tier 1 instrument” means a security which qualifies as an Additional Tier 1 instrument under Article 52 of CRR,\n“building society” and “deferred shares” have the same meanings as in the Building Societies Act 1986,\n“Tier 2 instrument” means a security which qualifies as a Tier 2 instrument under Article 63 of CRR.\n(4) In these Regulations, “CRR” means the Commission Regulation (EU) No 575/2013 (as amended from time to time).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 53; section 109 was amended by paragraph 8 of Schedule 12 to the Finance Act 1988 (c. 39); see also section 119 for the definitions of “building society” and “deferred shares”."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 176/1, 27.6.13."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111106273/regulation/2",
    "retrieved_at": "2026-10-30T15:14:32.678605+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}