1. During the period from 1 January 2016 to 31 December 2017, credit institutions shall include in the calculation of their Common Equity Tier 1 items only the applicable percentage of unrealised losses within the meaning of Article 467(1) of Regulation (EU) 575/2013 and including losses on exposures to central governments classified in the ‘available for sale’ category.
2. For the purposes of paragraph 1, the applicable percentage shall be:
60 % during the period from 1 January 2016 to 31 December 2016; and
80 % during the period from 1 January 2017 to 31 December 2017.
3. This Article is without prejudice to national law in force prior to the entry into force of this Regulation where such law sets applicable percentages higher than those specified in paragraph 2.