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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.

mutual society share

    101a share, excluding a deferred share issued by a credit union,115 which:

      1. (a) meets the requirements for common equity Tier 1 capital instruments under article 28 or 29; and
      1. (b) is issued by an institution which is of a type listed in article 27;

    in each case of the UK CRR132.