Clause 49

by inserting, immediately after the words “section 77” in subsection (1)(d), the words “other than liabilities referred to in paragraph (b)”; and

by deleting sub-paragraph (B) of subsection (3)(i) and substituting the following sub-paragraph:“(B)the terms of which comply with the criteria for the treatment of the liabilities as capital in determining whether the bank complies with the capital adequacy requirements under section 10, whether or not the entire amount of such liabilities is treated as capital in the determination.”.