(2)In order to bring more convergence across the Union in the way foreseeable dividends have to be deducted from interim or year-end profits, it is necessary to introduce a hierarchy of ways to evaluate the deduction, by first having a decision on distributions from the relevant body, then the dividend policy, and thirdly an historical payout ratio.
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New version applies from 22/06/2015 — introduced by Commission Delegated Regulation (EU) 2015/850.
32 provisions change.
Later versions: 07/07/2015, 23/12/2020, 09/05/2023.
Recital 2 changes in this version: compare with the current text.