Article 494
Transitional provisions for eligible capital
By way of derogation from point (71)(b) of Article 4(1), eligible capital may include Tier 2 capital up to the following amounts:
|
(a) |
100 % of Tier 1 capital during the period from 1 January 2014 to 31 December 2014; |
|
(b) |
75 % of Tier 1 capital during the period from 1 January 2015 to 31 December 2015; |
|
(c) |
50 % of Tier 1 capital during the period from 1 January 2016 to 31 December 2016. |