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Term Definition Legal instruments

core UK group eligible capital

01/01/2014

THIS DEFINITION ONLY APPLIES TO THE LARGE EXPOSURES PART

means the sum of the following amounts for each member of the core UK group and the firm (the sub-group):

(a) for the ultimate parent undertaking of the sub-group, the amount calculated in accordance with Article 6 of the CRR (or other applicable prudential requirements);

(b) for any other member of the sub-group, the amount calculated in accordance with Article 6 of the CRR (or other applicable prudential requirements) less the book value of the sub-group's holdings of capital instruments in that member, to the extent not already deducted in calculations done in accordance with Article 6 of the CRR (or other applicable prudential requirements) for:

(i) the ultimate parent undertaking of the sub-group; or

(ii) any other member of the sub-group.

The deduction in (b) must be carried out separately for each type of capital instrument eligible as own funds.