Updated 15/07/2024
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Version from: 09/01/2024
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Article 55 - Consequences of the conditions for Additional Tier 1 instruments ceasing to be met

Article 55

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

The following shall apply where, in the case of an Additional Tier 1 instrument, the conditions laid down in Article 52(1) cease to be met:

(a) 

that instrument shall immediately cease to qualify as an Additional Tier 1 instrument;

(b) 

the part of the share premium accounts that relates to that instrument shall immediately cease to qualify as an Additional Tier 1 item.