[X1PART NINE U.K.[F1Regulations, enhanced prudential measures and technical standards]

[F2Article 458U.K.Enhanced 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—

    (i)

    the level of own funds provided for in Article 92,

    (ii)

    F3...

    (iii)

    F3...

    (iv)

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    (v)

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

    (vi)

    intra financial sector exposures.

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

  • F4...]]

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