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Term Definition Legal instruments

perpetual non-cumulative preference share

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE TRANSITIONAL MEASURES PART

means an item of capital that is stated in stage B (Perpetual non-cumulative preference shares) of the capital resources table at GENPRU 2 Annex 1 of the PRA Handbook as at 31 December 2015 to be perpetual non-cumulative preference shares.