Article 81
Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital
1. Minority interests shall comprise the sum of Common Equity Tier 1 instruments, the share premium accounts related to those instruments, retained earnings and other reserves of a subsidiary where the following conditions are met:
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(a) |
the subsidiary is one of the following:
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(b) |
the subsidiary is included fully in the consolidation pursuant to Chapter 2 of Title II of Part One; |
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(c) |
the Common Equity Tier 1 items, referred to in the introductory part of this paragraph are owned by persons other than the undertakings included in the consolidation pursuant to Chapter 2 of Title II of Part One. |
2. Minority interests that are funded directly or indirectly, through a special purpose entity or otherwise, by the parent undertaking of the institution, or its subsidiaries shall not qualify as consolidated Common Equity Tier 1 capital.