X1PART NINE F2Regulations, enhanced prudential measures and technical standards

Annotations:

Article 458F1Enhanced prudential measures directions & recommendations: Interpretation

1.

In this Article and in Articles 458A to 458C—

  • ‘enhanced prudential measures direction’ means a direction of the Financial Policy Committee under section 9H of the 1998 Act to a competent authority describing stricter measures in relation to a relevant prudential area than are required by this Regulation or any legislation made under it;

  • ‘enhanced prudential measures recommendation’ means a recommendation of the Financial Policy Committee under section 9Q of the 1998 Act to a competent authority, describing stricter measures in relation to a relevant prudential area than are required by this Regulation or any legislation made under it;

  • ‘enhanced prudential implementation action’ means action to comply with an enhanced prudential measures direction or enhanced prudential measures recommendation;

  • ‘FPC’ means the Financial Policy Committee;

  • ‘regulated person’ has the meaning given in section 9H(2) of the 1998 Act;

  • ‘relevant prudential area’ means—

    1. i

      the level of own funds provided for in Article 92,

    2. ii

      F3...

    3. iii

      F3...

    4. iv

      F3...

    5. v

      risk weights for targeting asset bubbles in the residential and commercial property sector, or

    6. vi

      intra financial sector exposures.

  • ‘the 1998 Act’ means the Bank of England Act 1998;

  • F4...