Paragraph 9 F1

For the purposes of calculating own funds—

(a)

the amount of Tier 2 capital must be equal to or less than one third of the amount of Tier 1 capital;

(b)

at least 75% of the amount of Tier 1 capital must be in the form of Common Equity Tier 1 capital.

Annotations

F1: Sch. 2 para. 9 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)(d) (with reg. 3)