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The Capital Requirements (Amendment) Regulations 2012

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Amendment of the Capital Requirements Regulations 2006

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14.  In regulation 26(2) (restriction on disclosure)—

(a)at the end of paragraph (d) delete “or”;

(b)at the end insert—

(f)requires the credit institution to limit variable remuneration as a percentage of total net revenues where such variable remuneration is inconsistent with the maintenance of a sound capital base; or

(g)requires the credit institution to use net profits to strengthen the capital base..

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