FSA has confirmed its policy on the transition to the regime under the fourth Capital Requirements Directive and Capital Requirements Regulation (CRD4/CRR). It will maintain those UK capital standards which are higher than the initial CRD4/CRR requirements. These higher standards include the deduction of interim losses, of investment in own shares and of deferred tax assets, and also a definition of core Tier 1 capital for high-impact firms, which is more stringent than that in CRD4/CRR. On the other hand, FSA will follow the phase-in foreseen in CRD4/CRR transitional provisions for those new requirements that are not still met. (Source: CRD4 Transitional Provisions on Capital Resources)