Skip to main content
Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2

Article 2 Definitions

For the purpose of this Regulation, the following definitions apply:

(1) "Relevant entity" means a UK parent institution or a UK parent financial holding company or a UK parent mixed financial holding company or an institution that is not a subsidiary of a UK parent institution or a UK parent financial holding company or a UK parent mixed financial holding company;

(2) "Indicator value" means for each indicator set out in Article 6 and for each relevant entity of the sample the individual value of the indicator and for each bank authorised in a third country a comparable individual value publicly disclosed in accordance with internationally agreed standards;

(3) "Denominator" means for each indicator the total aggregate value of the indicator values of the relevant entities and banks authorised in third countries of the sample;

(4) "Cut-off score" means a score value determining the lowest boundary and the boundaries between the subcategories referred to in regulation 24 of the 2014 Regulations;