In this Part -
"market operator" means a market operator of a regulated market authorised under Regulation 56(1)(a) of the MiFID Regulations;
"Common Equity Tier 1 capital" has the meaning set out in Regulation 31(3), substituting 'fund administrator' for 'market operator' where necessary;
"basic capital requirement" means the amount arising from the calculation under Regulation 86;
"systemic capital add-on" means the amount referred to under Regulation 88;
"Market Operator Risk and Capital Adequacy Assessment Process (MORCAAP) amount" means the amount specified under Regulation 87.