SCHEDULE 2Capital Requirements
PART 2Own funds
Limits on qualifying items
9
—(1) The limits referred to in paragraph 4 are—
a
that A must not exceed B; and
b
that C must not exceed 50% of B.
2
After applying such limits—
a
50% of the total of the items specified in paragraph 7(d) to (h) must be deducted from A and the remaining 50% must be deducted from B; and
b
the amount, if any, by which the amount to be deducted from A exceeds A must be deducted from B.
3
In this paragraph—
a
“A” means the total of the items specified in paragraph 4(d) to (j);
b
“B” means the total of the items specified in paragraph 4(a) to (c) less the total of the items specified in paragraph 7(a) to (c); and
c
“C” means the total of the items specified in paragraph 4(h) to (j).