Row

Legal references and instructions

1

OWN FUNDS

Article 9(1) of Regulation (EU) 2019/2033.

The own funds of an investment firm shall consist of the sum of its Tier 1 capital and Tier 2 capital.

2

TIER 1 CAPITAL

The Tier 1 capital is the sum of Common Equity Tier 1 Capital and Additional Tier 1 capital

3

COMMON EQUITY TIER 1 CAPITAL

Article 9(1) of Regulation (EU) 2019/2033.

Article 50 of Regulation (EU) No 575/2013.

4

Paid up capital instruments

Article 9(1), point (i), of Regulation (EU) 2019/2033

Article 26(1), point (a), and Articles 27 to 31 of Regulation (EU) No 575/2013

Capital instruments of mutual, cooperative societies or similar institutions (Articles 27 and 29 of Regulation (EU) No 575/2013) shall be included.

The share premium related to the instruments shall not be included.

Capital instruments subscribed by public authorities in emergency situations shall be included if all conditions of Article 31 of Regulation (EU) No 575/2013 are fulfilled.

5

Share premium

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 26(1), point (b), of Regulation (EU) No 575/2013.

Share premium has the same meaning as under the applicable accounting standard.

The amount to be disclosed in this item shall be the part related to the "Paid up capital instruments".

6

Retained earnings

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 26(1), point (c), of Regulation (EU) No 575/2013.

Retained earnings includes the previous year retained earnings plus the eligible interim or year-end profits

7

Previous years retained earnings

Article 4(1), point (123), and Article 26(1), point (c), of Regulation (EU) No 575/2013.

Article 4(1), point (123), of Regulation (EU) No 575/2013 defines retained earnings as "Profit and losses brought forward as a result of the final application of profit or loss under the applicable accounting framework".

8

Profit or loss eligible

Article 4(1), point (121), Article 26(2) and Article 36(1), point (a), of Regulation (EU) No 575/2013.

Article 26(2) of Regulation (EU) No 575/2013 allows including as retained earnings interim or year-end profits, with the prior consent of the competent authorities, if some conditions are met.

On the other hand, losses shall be deducted from CET1, as stated in Article 36(1), point (a), of Regulation (EU) No 575/2013.

9

Accumulated other comprehensive income

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 26(1), point (d), of Regulation (EU) No 575/2013.

10

Other reserves

Article 9(1), point (i), of Regulation (EU) 2019/2033

Article 4(1), point (117), and Article 26(1), point (e), of Regulation (EU) No 575/2013.

The amount to be disclosed shall be net of any tax charge foreseeable at the moment of the calculation.

11

Adjustments to CET1 due to prudential filters

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Articles 32 to 35 of Regulation (EU) No 575/2013.

12

Other funds

Article 9(4) of Regulation (EU) 2019/2033.

13

(-)TOTAL DEDUCTIONS FROM COMMON EQUITY TIER 1

The total sum of rows 14 – 23 shall be disclosed.

14

(-) Own CET1 instruments

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 36(1), point (f), of and Article 42 of Regulation (EU) No 575/2013.

Own CET1 held by the reporting institution or group at the reporting date. Subject to exceptions in Article 42 of Regulation (EU) No 575/2013.

Holdings on shares included as "Capital instruments not eligible" shall not be reported in this row.

The amount to be disclosed shall include the share premium related to the own shares.

15

(-) Losses for the current financial year

Article 36(1), point (a), of Regulation (EU) No 575/2013.

16

(-) Goodwill

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 4(1), point (113), Article 36(1), point (b), and Article 37 of Regulation (EU) No 575/2013.

17

(-) Other intangible assets

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 4(1), point (115), Article 36(1), point (b), and Article 37, point (a), of Regulation (EU) No 575/2013.

Other intangible assets are the intangibles assets under the applicable accounting standard, minus the goodwill, also pursuant the applicable accounting standard.

18

(-) Deferred tax assets that rely on future profitability and do not arise from temporary differences net of associated tax liabilities

Article 9(2), point (a), of Regulation (EU) 2019/2033.

Article 36(1), point (c), of Regulation (EU) No 575/2013.

19

(-) Qualifying holding outside the financial sector which exceeds 15 % of own funds

Article 10(1), point (a), of Regulation (EU) 2019/2033.

20

(-)Total qualifying holdings in undertaking other than financial sector entities which exceeds 60 % of its own funds

Article 10(1), point (b), of Regulation (EU) 2019/2033.

21

(-) CET1 instruments of financial sector entities where the institution does not have a significant investment

Article 9(2), point (c), of Regulation (EU) 2019/2033.

Article 36(1), point (h), of Regulation (EU) No 575/2013.

22

(-)Defined benefit pension fund assets

Article 9(2), point (b) of Regulation (EU) 2019/2033.

Article 36(1), point (e), of Regulation (EU) No 575/2013.

23

(-) Other deductions

The sum of any other deductions listed in Article 36(1) of Regulation (EU) No 575/2013.

24

CET1: Other capital elements, deductions and adjustments

This row shall include the sum of the following items, where applicable:

This row shall not be used to include capital items or deductions which are not covered by Regulation (EU) 2019/2033 or Regulation (EU) No 575/2013 in the calculation of the solvency ratios.

25

ADDITIONAL TIER 1 CAPITAL

Article 9(1) of Regulation (EU) 2019/2033.

Article 61 of Regulation (EU) No 575/2013.

The total sum of rows 26 to 28 and 32 shall be disclosed.

26

Paid up capital instruments

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 51, point (a), and Articles 52, 53 and 54 of Regulation (EU) No 575/2013.

The amount to be disclosed shall not include the share premium related to the instruments.

27

Share premium

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 51, point (b), of Regulation (EU) No 575/2013.

Share premium has the same meaning as under the applicable accounting standard.

The amount to be disclosed in this item shall be the part related to the "Paid up capital instruments".

28

(-) TOTAL DEDUCTIONS FROM ADDITIONAL TIER 1

Article 56 of Regulation (EU) No 575/2013.

The total sum of rows 29 – 31 shall be disclosed.

29

(-) Own AT1 instruments

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 52(1), point (b), Article 56, point (a), and Article 57 of Regulation (EU) No 575/2013.

Own AT1 instruments held by the investment firm at the reporting date. Subject to exceptions in Article 57 Regulation (EU) No 575/2013.

The amount to be disclosed shall include the share premium related to the own shares.

30

(-) AT1 instruments of financial sector entities where the institution does not have a significant investment

Article 9(2), point (c), of Regulation (EU) 2019/2033.

Article 56, point (c), of Regulation (EU) No 575/2013.

31

(-) Other deductions

The sum of all other deductions in accordance with Article 56 of Regulation (EU) No 575/2013, with the exception of the deductions in accordance with Article 56 of Regulation (EU) No 575/2013, point (d), that are not included in any of the rows 0340 or 0380 above.

32

Additional Tier 1: Other capital elements, deductions and adjustments

This row shall include the sum of the following items, where applicable:

This row shall not be used to include capital items or deductions which are not covered by Regulation (EU) 2019/2033 or Regulation (EU) No 575/2013 in the calculation of the solvency ratios.

33

TIER 2 CAPITAL

Article 9(1) of Regulation (EU) 2019/2033.

Article 71 of Regulation (EU) No 575/2013.

The total sum of rows 34 to 36 and 39 shall be disclosed.

34

Fully paid up, directly issued capital instruments

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 62, point (a), Articles 63 and 65 of Regulation (EU) No 575/2013.

The amount to be disclosed shall not include the share premium related to the instruments.

35

Share premium

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 62, point (b), and Article 65 of Regulation (EU) No 575/2013.

Share premium has the same meaning as under the applicable accounting standard.

The amount to be disclosed in this item shall be the part related to the "Paid up capital instruments".

36

(-) TOTAL DEDUCTIONS FROM TIER 2

Article 66 of Regulation (EU) No 575/2013.

37

(-) Own T2 instruments

Article 9(1), point (i), of Regulation (EU) 2019/2033.

Article 63, point (b)(i), Article 66, point (a), and Article 67 of Regulation (EU) No 575/2013.

Own T2 instruments held by the reporting institution or group at the reporting date. Subject to exceptions in Article 67 of Regulation (EU) No 575/2013.

Holdings on shares included as "Capital instruments not eligible" shall not be disclosed in this row.

The amount to be disclosed shall include the share premium related to the own shares.

38

(-) T2 instruments of financial sector entities where the institution does not have a significant investment

Article 9(2), point (c), of Regulation (EU) 2019/2033.

Article 66, point (c), of Regulation (EU) No 575/2013.

39

Tier 2: Other capital elements, deductions and adjustments

This row shall include the sum of the following items, where applicable:

This row shall not be used to include capital items or deductions which are not covered by Regulation (EU) 2019/2033 or Regulation (EU) No 575/2013 in the calculation of the solvency ratios.

Instructions for completing the own funds instruments issued by the firm main features table

Row number

Explanation

1

Issuer

Identifies issuer legal entity.

Free text

2

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement).

Free text

3

Public or private placement

Specifies if the instrument has been publicly or privately placed.

Select from menu: [Public] [Private]

4

Governing law(s) of the instrument

Specifies the governing law(s) of the instrument.

Free text

5

Instrument type (types to be specified by each jurisdiction)

Specifies instrument type, varying by jurisdiction.

For CET1 instruments, select name of the instrument in the CET1 list published by the EBA.

For other instruments, select from: menu options to be provided to investment firms by each jurisdiction – legal references of Regulation (EU) 2019/2033 articles for each type of instrument to be inserted.

6

Amount recognised in regulatory capital (Currency in million, as of most recent reporting date)

Specifies the amount recognised in regulatory own funds (total amount of the instrument recognised before transitional provisions for the relevant level of the disclosure – currency used for the reporting obligations).

Free text – specify in particular if some parts of the instruments are in different tiers of the regulatory own funds and if the amount recognised in regulatory own funds is different from the amount issued.

7

Nominal amount of instrument

Nominal amount of instrument (in currency of issuance and currency used for the reporting obligations).

Free text

8

Issue price

Issue price of instrument.

Free text

9

Redemption price

Redemption price of instrument.

Free text

10

Accounting classification

Specifies accounting classification.

Select from menu: [Shareholders’ equity] [Liability – amortised cost] [Liability – fair value option] [Non-controlling interest in consolidated subsidiary]

11

Original date of issuance

Specifies date of issuance.

Free text

12

Perpetual or dated

Specifies whether dated or perpetual.

Select from menu: [Perpetual] [Dated]

13

Original maturity date

For dated instrument, specifies original maturity date (day, month and year). For perpetual instrument put ‘no maturity’.

Free text

14

Issuer call subject to prior supervisory approval

Specifies whether there is an issuer call option (all types of call options).

Select from menu: [Yes] [No]

15

Optional call date, contingent call dates and redemption amount

For instrument with issuer call option, specifies first date of call if the instrument has a call option on a specific date (day, month and year) and, in addition, specifies whether the instrument has a tax and/or regulatory event call. Also specifies the redemption price. Helps to assess permanence.

Free text

16

Subsequent call dates, if applicable

Specifies the existence and frequency of subsequent call dates, if applicable. Helps to assess permanence.

Free text

17

Fixed or floating dividend/coupon

Specifies whether the coupon/dividend is: either fixed over the life of the instrument, or floating over the life of the instrument, or currently fixed but will move to a floating rate in the future, or currently floating but will move to a fixed rate in the future.

Select from menu: [Fixed], [Floating] [Fixed to floating], [Floating to fixed]

18

Coupon rate and any related index

Specifies the coupon rate of the instrument and any related index that the coupon/dividend rate references.

Free text

19

Existence of a dividend stopper

Specifies whether the non-payment of a coupon or dividend on the instrument prohibits the payment of dividends on common shares (i.e. whether there is a dividend stopper).

Select from menu: [yes], [no]

20

Fully discretionary, partially discretionary or mandatory (in terms of timing)

Specifies whether the issuer has full discretion, partial discretion or no discretion over whether a coupon/dividend is paid. If the institution has full discretion to cancel coupon/dividend payments under all circumstances it must select ‘fully discretionary’ (including when there is a dividend stopper that does not have the effect of preventing the institution from cancelling payments on the instrument). If there are conditions that must be met before payment can be cancelled (e.g. own funds below a certain threshold), the institution must select ‘partially discretionary’. If the institution is unable to cancel the payment outside of insolvency, the institution must select ‘mandatory’.

Select from menu: [Fully discretionary] [Partially discretionary] [Mandatory]

Free text (specify the reasons for discretion, existence of dividend pushers, dividend stoppers, ACSM – Alternative Coupon Satisfaction Mechanism)

21

Fully discretionary, partially discretionary or mandatory (in terms of amount)

Specifies whether the issuer has full discretion, partial discretion or no discretion over the amount of the coupon/dividend.

Select from menu: [Fully discretionary] [Partially discretionary] [Mandatory]

22

Existence of step up or other incentive to redeem

Specifies whether there is a step-up or other incentive to redeem.

Select from menu: [Yes] [No]

23

Non-cumulative or cumulative

Specifies whether dividends/coupons are cumulative or noncumulative.

Select from menu: [Noncumulative] [Cumulative] [ACSM]

24

Convertible or non-convertible

Specifies whether instrument is convertible or not.

Select from menu: [Convertible] [Nonconvertible]

25

If convertible, conversion trigger(s)

Specifies the conditions under which the instrument will convert, including point of non-viability. Where one or more authorities have the ability to trigger conversion, the authorities shall be listed. For each of the authorities it shall be stated whether it is the terms of the contract of the instrument that provide the legal basis for the authority to trigger conversion (a contractual approach) or whether the legal basis is provided by statutory means (a statutory approach).

Free text

26

If convertible, fully or partially

Specifies whether the instrument will always convert fully, may convert fully or partially, or will always convert partially.

Select from menu: [Always Fully] [Fully or Partially] [Always partially]

27

If convertible, conversion rate

Specifies rate of conversion into the more loss-absorbing instrument.

Free text

28

If convertible, mandatory or optional conversion

For convertible instruments, specifies whether conversion is mandatory or optional.

Select from menu: [Mandatory] [Optional] [NA] and [at the option of the holders] [at the option of the issuer] [at the option of both the holders and the issuer]

29

If convertible, specify instrument type convertible into

For convertible instruments, specifies instrument type convertible into.

Select from menu: [Common Equity Tier 1] [Additional Tier 1] [Tier 2] [Other]

30

If convertible, specify issuer of instrument it converts into

If convertible, specify issuer of instrument it converts into.

Free text

31

Write-down features

Specifies whether there is a write down feature.

Select from menu: [Yes] [No]

32

If write-down, write-down trigger(s)

Specifies the triggers at which write-down occurs, including point of non-viability. Where one or more authorities have the ability to trigger write-down, the authorities shall be listed. For each of the authorities it shall be stated whether it is the terms of the contract of the instrument that provide the legal basis for the authority to trigger write-down (a contractual approach) or whether the legal basis is provided by statutory means (a statutory approach).

Free text

33

If write-down, full or partial

Specifies whether the instrument will always be written down fully, may be written down partially, or will always be written down partially. Helps assess the level of loss absorbency at write-down.

Select from menu: [Always Fully] [Fully or Partially] [Always partially]

34

If write-down, permanent or temporary

For write down instrument, specifies whether write down is permanent or temporary.

Select from menu: [Permanent] [Temporary] [NA]

35

If temporary write-down, description of write-up mechanism

Describes the write-up mechanism.

Free text

36

Non-compliant transitioned features

Specification if there are non-compliant features.

Select from [yes] or [no].

37

If yes, specify non-compliant features

If there are non-compliant features, institution shall specify which ones.

Free text

38

Link to the full term and conditions of the instrument (signposting)

Investment firms shall include the hyperlink that gives access to the prospectus of the issuance, including all the terms and conditions of the instrument.