Article 58
Deduction of holdings of Additional Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
Institutions shall make the deductions required by points (b), (c) and (d) of Article 56 in accordance with the following:
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(a) |
holdings of Additional Tier 1 instruments shall be calculated on the basis of the gross long positions; |
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(b) |
Additional Tier 1 own-fund insurance items shall be treated as holdings of Additional Tier 1 instruments for the purposes of deduction. |