The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026
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Change 1
19 Banking Act 2009
(1) Section 3 (interpretation: other expressions) of the Banking Act 2009 is amended as follows. (2) In subsection (1)— (a) for the definition of “own funds” substitute— “own funds” means the sum of Tier 1 capital and Tier 2 capital; ; (b) at the appropriate places insert— “Tier 1 capital” has the meaning given in article 25 of Chapter 3 of the Own Funds (CRR) Part of the PRA rulebook; ; “Tier 2 capital” has the meaning given in article 71 of Chapter 3 of the Own Funds (CRR) Part of the PRA rulebook; . (3) In subsection (4), after “Part” insert “, except in the definitions of “Tier 1 capital” and “Tier 2 capital” in subsection (1),”. (4) After subsection (4) insert— (5) In the definitions of “Tier 1 capital” and “Tier 2 capital” in subsection (1), a reference to the PRA rulebook is to the rulebook published by the PRA containing rules made by the PRA under the Financial Services and Markets Act 2000 as the rulebook has effect from time to time. .
19 Banking Act 2009
(1) Section 3 (interpretation: other expressions) of the Banking Act 2009 is amended as follows. (2) In subsection (1)— (a) for the definition of “own funds” substitute— “own funds” means the sum of Tier 1 capital and Tier 2 capital; ; (b) at the appropriate places insert— “Tier 1 capital” has the meaning given in article 25 of Chapter 3 of the Own Funds (CRR) Part of the PRA rulebook; ; “Tier 2 capital” has the meaning given in article 71 of Chapter 3 of the Own Funds (CRR) Part of the PRA rulebook; . (3) In subsection (4), after “Part” insert “, except in the definitions of “Tier 1 capital” and “Tier 2 capital” in subsection (1),”. (4) After subsection (4) insert— (5) In the definitions of “Tier 1 capital” and “Tier 2 capital” in subsection (1), a reference to the PRA rulebook is to the rulebook published by the PRA containing rules made by the PRA under the Financial Services and Markets Act 2000 as the rulebook has effect from time to time. .
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