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own funds

  1. (1) own funds as described in articles 2956 to 6729of the Banking Consolidation Directive. 54
  2. (2) (in ELM) the own funds of an ELMI calculated in accordance with ELM 2.4 (Calculation of initial capital and own funds).
  3. (3) (in IPRU(INV) Chapter 8) capital, as defined in CRED 8.2.1 R16
  4. (4) (in UPRU) funds calculated in accordance with UPRU Table 2.2.1 R (Method of calculation of financial resources) composed of the specified items set out in that Table.27

This definition refers to provisions of the UK CRR in the form in which it stood at 31 December 2021. That version of the UK CRR can be found on legislation.gov.uk using this link.