Paragraph 1
United Kingdom
For the purposes of these Regulations “initial capital” comprises F1one or more of the items specified in Article 26(1)(a) to (e) of the capital requirements regulation.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 1 substituted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(30)(a) (with reg. 3)