Updated 05/02/2025
In force

Initial Legal Act
Amendments
There is currently no Level 2 legal act based on or specifying Article 476.
Search within this legal act

Article 476 - Regulation 575/2013 (CRR)

Article 476

Deductions from Tier 2 items

By way of derogation from Article 66, during the period from 1 January 2014 to 31 December 2017, the following shall apply:

(a)

institutions shall deduct from Tier 2 items the applicable percentage specified in Article 478 of the amounts required to be deducted pursuant to Article 66;

(b)

institutions shall apply the requirements laid down in Article 477 to the residual amounts required to be deducted pursuant to Article 66.