(4)For an institution recognised under applicable national law as a mutual, cooperative society, savings institution or similar institution, it is appropriate in some cases to distinguish between the holders of the institution’s Common Equity Tier 1 instruments and the members of that institution since members generally need to hold capital instruments in order to be entitled to a right to dividends, as well as to a right to a part of the profits and reserves.
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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 4 changes in this version: compare with the current text.