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New version applies from 26/09/2021 — introduced by Decision (EU) 2021/1439 of the ECB. 7 provisions change. Article 4 changes in this version: compare with the current text.

Article 4 - Criteria for the adoption of delegated decisions on prior permission to classify instruments as Additional Tier 1 or Tier 2 instruments

Article 4
Criteria for the adoption of delegated decisions on prior permission to classify instruments as Additional Tier 1 or Tier 2 instruments

1. Where prior permission is required under national law, decisions on prior permission to classify capital instruments as Additional Tier 1 or Tier 2 instruments shall be taken by means of a delegated decision.

2. Negative decisions shall not be adopted by means of a delegated decision and shall be adopted in accordance with the non-objection procedure.

3. The assessment on the classification of instruments as Additional Tier 1 or Tier 2 instruments shall be carried out in accordance with Articles 52 to 54 and 63 of Regulation (EU) No 575/2013 and Articles 8, 9 and 20 to 24a of Delegated Regulation (EU) No 241/2014.

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