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New version applies from 19/07/2016 — introduced by Regulation (EU) 2016/1014. 247 provisions change. Later versions: 01/01/2018, 01/01/2019, 26/04/2019, 27/06/2019, 25/12/2019, 27/06/2020, 28/12/2020, 29/06/2021, 30/09/2021, 10/04/2022, 08/07/2022, 01/01/2023, 28/06/2023, 09/01/2024, 09/07/2024, 01/01/2025, 29/06/2025, 01/01/2026, 26/06/2026, 01/01/2027. Article 81 changes in this version: compare with the current text.

Article 81 - Minority interests that qualify for inclusion in consolidated Common Equity Tier 1 capital

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:

(a)

the subsidiary is one of the following:

(i)

an institution;

(ii)

an undertaking that is subject by virtue of applicable national law to the requirements of this Regulation and Directive 2013/36/EU;

(b)

the subsidiary is included fully in the consolidation pursuant to Chapter 2 of Title II of Part One;

(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.

Official text · consolidated version 18/01/2015 (no longer in force) Open full page ↗
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