PART 4Amendment of retained direct EU legislation

CHAPTER 1Amendment of the Capital Requirements Regulation

Article 85 (qualifying Tier 1 instruments included in consolidated Tier 1 capital)

99.  In Article 85 (qualifying Tier 1 instruments included in consolidated Tier 1 capital), in paragraph 1, in points (a)(i) and (a)(ii)—

(a)for “Article 104 of Directive 2013/36/EU” in both places it occurs substitute “regulation 34 of the Capital Requirements Regulations 2013”;

(b)for “point (6) of Article 128 of Directive 2013/36/EU” in both places it occurs substitute “regulation 2 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014”.