Contents
- 1. For the purpose of point (b) of Article 3 and point (d) of…
- 10. The amount of the instrument to be written down or convert…
- 11. An institution issuing instruments that convert to Common…
- 12. An institution issuing instruments that convert to Common…
- 13. In order for the write-down of an instrument to be conside…
- 14. For the purposes of point (d) of paragraph 13, the calcula…
- 2. Where the provisions governing Tier 2 and Other Instrument…
- 3. Where the provisions governing the instruments provide tha…
- 4. Any distributions payable after a write-down shall be base…
- 5. Write-down or conversion of the instruments shall, under t…
- 6. Where the institution has established that the Common Equi…
- 7. The aggregate amount of instruments that is required to be…
- 8. Where a trigger event occurs, institutions shall be requir…
- 9. Where Additional Tier 1 instruments, Tier 2 instruments an…
1.For the purpose of point (b) of Article 3 and point (d) of Article 4(2) the provisions governing Tier 2 instruments and Other Instruments shall comply with the procedures and timing laid down in paragraphs 2 to 14 for calculating the Common Equity Tier 1 capital ratio and the amounts to be written down, written up or converted. The provisions governing Additional Tier 1 instruments shall comply with the procedures laid down in paragraph 9 and point (c) of paragraph 13 in respect of amounts to be written down, written up or converted.
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