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FCA Handbook
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tier one capital

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tier one capital

(1) (in ELM) the tier one capital of an ELMI calculated in accordance with ELM 2.4 (Calculation of initial capital and own funds).14
(2) (in PRU ) an item of capital that is specified in stages A, B or C of the table in PRU 2.2.14 R.14 4

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