[PART TWO U.K. OWN FUNDS
TITLE I U.K. ELEMENTS OF OWN FUNDS
CHAPTER 2 U.K. Common Equity Tier 1 capital
Section 3 U.K. Deductions from Common Equity Tier 1 items, exemptions and alternatives
Sub-Section 1 U.K. Deductions from Common Equity Tier 1 items
Article 47 U.K. Deduction of holdings of Common Equity Tier 1 instruments where an institution has a significant investment in a financial sector entity
For the purposes of point (i) of Article 36(1), the applicable amount to be deducted from Common Equity Tier 1 items shall exclude underwriting positions held for five working days or fewer and shall be determined in accordance with Articles 44 and 45 and Sub-section 2.]