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Capital Requirements Regulation (CRR)
Article 65

Article 65 - Consequences of the conditions for Tier 2 instruments ceasing to be met

Status
In force
Selected consolidated version from
30/09/2021
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Article 65

Consequences of the conditions for Tier 2 instruments ceasing to be met

Where in the case of a Tier 2 instrument the conditions laid down in Article 63 cease to be met, the following shall apply:

(a) 

that instrument shall immediately cease to qualify as a Tier 2 instrument;

(b) 

the part of the share premium accounts that relate to that instrument shall immediately cease to qualify as Tier 2 items.



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