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Version from: 01/01/2023
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Article 30 - Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met

Article 30

Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met

The following shall apply where, in the case of a Common Equity Tier 1 instrument, the conditions laid down in Article 28 or, where applicable, Article 29 cease to be met:

(a) 

that instrument shall immediately cease to qualify as a Common Equity Tier 1 instrument;

(b) 

the share premium accounts that relate to that instrument shall immediately cease to qualify as Common Equity Tier 1 items.