Regulatory capital securities
2.—(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(1),
“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(2) (as amended from time to time).
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”.
OJ L 176/1, 27.6.13.