Article 23 | Delegated Regulation 241/2014

Article 23 - Features of instruments that could hinder recapitalisation for the purposes of Article 52(1)(o) of Regulation (EU) No 575/2013

Article 23

Features of instruments that could hinder recapitalisation for the purposes of Article 52(1)(o) of Regulation (EU) No 575/2013

Features that could hinder the recapitalisation of an institution shall include provisions that require the institution to compensate existing holders of capital instruments where a new capital instrument is issued.

Recitals

CHAPTER I - GENERAL (Article 1-1a)

CHAPTER II - ELEMENTS OF OWN FUNDS AND ELIGIBLE LIABILITIES (Article 2-19)

CHAPTER III - ADDITIONAL TIER 1 AND TIER 2 CAPITAL AND ELIGIBLE LIABILITIES (Article 20-24a)

SECTION 1 - Form and nature of incentives to redeem (Article 20)

SECTION 2 - Conversion or write-down of the principal amount (Article 21-22)

SECTION 3 - Features of instruments that could hinder recapitalisation (Article 23)Article 23 - Features of instruments that could hinder recapitalisation for the purposes of Article 52(1)(o) of Regulation (EU) No 575/2013

SECTION 4 - Use of special purposes entities for indirect issuance of own funds instruments (Article 24-24a)

CHAPTER IV - GENERAL REQUIREMENTS (Article 25-33)

CHAPTER V - MINORITY INTEREST AND ADDITIONAL TIER 1 AND TIER 2 INSTRUMENTS ISSUED BY SUBSIDIARIES (Article 34-34a)

CHAPTER Va - OWN FUNDS BASED ON FIXED OVERHEADS (Article 34b-34d)

CHAPTER VI - SPECIFICATION OF THE TRANSITIONAL PROVISIONS OF REGULATION (EU) No 575/2013 IN RELATION TO OWN FUNDS (Article 35-37)

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Article 23 - Features of instruments that could hinder recapitalisation for the purposes of Article 52(1)(o) of Regulation (EU) No 575/2013

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