Disallowed Capital:
From 1st January 2014, the following items will not be allowed as regulatory capital:
• Unaudited trading book profits (unless approved by
your auditors).
• Deferred tax assets which rely on future profits.
Changes to some other types of Capital:
Ordinary share capital and premium, and audited reserves are unaffected. However, if you have
other forms of capital such as preference shares or subordinated loans, you will need to check their validity under the new regime.