# The Taxation of Regulatory Capital Securities Regulations 2013, Regulation 2: Regulatory capital securities


(1) For the purposes of these Regulations, “regulatory capital security” means a security which qualifies, or has qualified, as—
(a) an Additional Tier 1 instrument and forms, or formed, a component of Additional Tier 1 capital for the purposes of CRR, or
(b) a Tier 2 instrument and forms, or formed, a component of Tier 2 capital for the purposes of CRR.
(2) In paragraph (1), “security” does not include shares other than deferred shares issued by a building society within paragraph (1)(a).
(3) For the purposes of this regulation—
“Additional Tier 1 instrument” means a security which qualifies as an Additional Tier 1 instrument under Article 52 of CRR,
“building society” and “deferred shares” have the same meanings as in the Building Societies Act 1986,
“Tier 2 instrument” means a security which qualifies as a Tier 2 instrument under Article 63 of CRR.
(4) In these Regulations, “CRR” means the Commission Regulation (EU) No 575/2013 (as amended from time to time).

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111106273/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-taxation-of-regulatory-capital-securities-regulations-2013/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.