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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 20 changes in this version: compare with the current text.

View as of 04/04/2022 What changes

Article 20 - Article 479(1) and (4) of Regulation (EU) No 575/2013: Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests

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Article 20

Article 479(1) and (4) of Regulation (EU) No 575/2013: Recognition in consolidated Common Equity Tier 1 capital of instruments and items that do not qualify as minority interests

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1. During the period from 1 January 2016 to 31 December 2017, the applicable percentage of the items referred to in Article 479(1) of Regulation (EU) No 575/2013 that would have qualified as consolidated reserves in accordance with national measures implementing Article 65 of Directive 2006/48/EC of the European Parliament and of the Council ⁹ shall qualify as consolidated Common Equity Tier 1 capital according to the percentages set out below.

2. For the purposes of paragraph 1, the applicable percentage shall be:

((a))

40 % during the period from 1 January 2016 to 31 December 2016; and

((b))

20 % 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 percentages that are lower than those specified in paragraph 2.

9 Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions ( OJ L 177, 30.6.2006, p. 1 ). ↩