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New version applies from 04/04/2022 — introduced by Regulation (EU) 2022/504 of the ECB. 28 provisions change. Later versions: 17/08/2025. Article 18 changes in this version: compare with the current text.

View as of 04/04/2022 What changes

Article 18 - Article 478(3)(a),(c) and (d) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1, additional Tier 1 and Tier 2 items

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Article 18

Article 478(3)(a),(c) and (d) of Regulation (EU) No 575/2013: Applicable percentages for deduction from Common Equity Tier 1, additional Tier 1 and Tier 2 items

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1. For the purposes of Article 478(1) of Regulation (EU) No 575/2013, the applicable percentage shall be:

((a))

60 % during the period from 1 January 2016 to 31 December 2016;

((b))

80 % during the period from 1 January 2017 to 31 December 2017;

((c))

100 % from 1 January 2018.

2. This Article shall not apply to deferred tax assets that rely on future profitability.

3. This Article is without prejudice to national law in force prior to the entry into force of this Regulation where such law sets percentages that are higher than those specified in paragraph 1.