Article 458 Enhanced prudential measures directions & recommendations: InterpretationX1F1

In this Article and in Articles 458A to 458C—

• ‘enhanced prudential measures direction’ means a direction of the Financial Policy Committee under section 9H of the 1998 Act to a competent authority describing stricter measures in relation to a relevant prudential area than are required by this Regulation or any legislation made under it;

• ‘enhanced prudential measures recommendation’ means a recommendation of the Financial Policy Committee under section 9Q of the 1998 Act to a competent authority, describing stricter measures in relation to a relevant prudential area than are required by this Regulation or any legislation made under it;

• ‘enhanced prudential implementation action’ means action to comply with an enhanced prudential measures direction or enhanced prudential measures recommendation;

• ‘FPC’ means the Financial Policy Committee;

• ‘regulated person’ has the meaning given in section 9H(2) of the 1998 Act;

• ‘relevant prudential area’ means—

  1. (i)

     the level of own funds provided for in Article 92,

  2. (ii)

     F2...

  3. (iii)

     ...

  4. (iv)

     ...

  5. (v)

     risk weights for targeting asset bubbles in the residential and commercial property sector, or

  6. (vi)

     intra financial sector exposures.

• ‘the 1998 Act’ means the Bank of England Act 1998;

• F3...