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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

distribution in connection with common equity tier 1 capital

    124includes:

      1. (a) a payment of cash dividends;
      1. (b) a distribution of fully or partly paid bonus shares or other capital instruments referred to in article 26(1)(a) of the UK CRR124 (Common equity tier 1 items);
      1. (c) a redemption or purchase by a firm of its own shares or other capital instruments referred to in article 26(1)(a) of the UK CRR124 (Common equity tier 1 items);
      1. (d) a repayment of amounts paid in connection with capital instruments referred to in article 26(1)(a) of the UK CRR124 (Common equity tier 1 items); and
      1. (e) a distribution of items referred to in article 26(1)(b) to (e) of the UK CRR124 (Common equity tier 1 items).

    [Note: article 141(10) of CRD]124