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Article 72 - Tier 2 Basic own-funds — List of own-fund items

Article 72
Tier 2 Basic own-funds — List of own-fund items

The following basic own-fund items shall be deemed to substantially possess the characteristics set out in Article 93(1)(b) of Directive 2009/138/EC, taking into consideration the features set out in Article 93(2) of that Directive, and shall be classified as Tier 2 where the following items display all of the features set out in Article 73:

(a)

the part excess of assets over liabilities, valued in accordance with Article 75 and Section 2 of Chapter VI of Directive 2009/138/EC, comprising the following items:

(i)

ordinary share capital and the related share premium account;

(ii)

initial funds, members' contributions or the equivalent basic own-fund item for mutual and mutual-type undertakings;

(iii)

subordinated mutual member accounts;

(iv)

preference shares and the related share premium account;

(b)

subordinated liabilities valued in accordance with Article 75 of Directive 2009/138/EC.

Official text · consolidated version 14/11/2024 (in force) Open full page ↗
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