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Article 66 - ▼M7

Comparing 30/10/2009 → 07/12/2009: 5 added, 0 removed, 5 changed Close comparison

1.The items referred to in pointsArticle (d)57(d) to (h) of Article 57, shall be subject to the following limits:

(a)the total of the items referred to in pointsArticle (d)57(d) to (h) maymust not exceed a maximum of 100 % of the items in points (a) plusto (b)(ca) minus (i), (j) and (c)(k) minusof (i)that to (k);Article; and

(b)the total of the items referred to in pointsArticle (g)57(g) to (h) maymust not exceed a maximum of 50 % of the items in points (a) plusto (b)(ca) minus (i), (j) and (c)(k) minusof (i)that to (k).Article.

1a. Notwithstanding paragraph 1 of this Article, the total of the items in Article 57(ca) shall be subject to the following limits:

(a)instruments that must be converted during emergency situations and may be converted at the initiative of the competent authority, at any time, based on the financial and solvency situation of the issuer into items referred to in Article 57(a) within a pre-determined range must in total not exceed a maximum of 50 % of the items in points (a) to (ca) minus (i), (j) and (k) of that article;

(b)within the limit referred to in point (a) of this paragraph, all other instruments must not exceed a maximum of 35 % of the items in points (a) to (ca) minus (i), (j) and (k) of Article 57;

(c)within the limits referred to in points (a) and (b) of this paragraph, dated instruments and instruments with provisions that provide for an incentive for the credit institution to redeem must not exceed a maximum of 15 % of the items in points (a) to (ca) minus (i), (j) and (k) of Article 57;

(d)the amount of items exceeding the limits set out in points (a), (b) and (c) must be subject to the limit set out in paragraph 1 of this Article.

2.The total of the items referred to in pointsArticle (l)57(l) to (r) of Article 57 shall be deducted half from the total of the items referred to in points (a) to (c)(ca) minus (i)(i), to(j) (k),and (k) of that Article, and half from the total of the items referred to in points (d) to (h) of Articlethat 57,Article, after application of the limits laid down in paragraph 1 of this Article. To the extent that half of the total of the items (l) to (r) of Article 57 exceeds the total of the items (d) to (h) of Articlethat 57,Article, the excess shall be deducted from the total of the items (a) to (c)(ca) minus (i)(i), to(j) and (k) of Articlethat 57.Article. Items referred to in point (r) of Article 5757(r) shall not be deducted if they have been included in the calculation of risk-weighted exposure amounts for the purposes of Article 75 as specifiedreferred to in Annex IX, Part 4.

3.For the purposes of Sections 5 and 6, the provisions laid down in this Section shall be read without taking into account the items referred to in points (q) and (r) of Article 57 and Article 63(3).

4.The competent authorities may authorise credit institutions to exceed the limits laid down in paragraphparagraphs 1 in temporary and exceptional1a circumstances.temporarily during emergency situations.

Official text · consolidated version 07/12/2009 (no longer in force) Open full page ↗
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