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New version applies from 26/09/2021 — introduced by Decision (EU) 2021/1439 of the ECB. 7 provisions change. Article 3 changes in this version: compare with the current text.

Article 3 - Criteria for the adoption of delegated decisions on prior permission to classify instruments as Common Equity Tier 1 instruments

Article 3
Criteria for the adoption of delegated decisions on prior permission to classify instruments as Common Equity Tier 1 instruments

1. Decisions on the classification of capital instruments as Common Equity Tier 1 instruments shall be taken by means of a delegated decision if the type of instruments in respect of which prior permission is sought has been included, at the time the application was received by the ECB, in the EBA list.

2. Negative decisions and decisions pursuant to Article 31 of Regulation (EU) No 575/2013 shall not be adopted by means of a delegated decision.

3. Where, pursuant to paragraphs 1 and 2, a decision on the classification of capital instruments as Common Equity Tier 1 instruments cannot be adopted by means of a delegated decision, it shall be adopted in accordance with the non-objection procedure.

4. The assessment on the classification of capital instruments as Common Equity Tier 1 instruments shall be carried out in accordance with Articles 27, 28 and 29 of Regulation (EU) No 575/2013 and Articles 4 to 11 of Delegated Regulation (EU) No 241/2014.

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