Article 55

Path:
Capital Requirements Regulation (CRR) > PART TWO > TITLE I > CHAPTER 3 > Section 1 > Article 55
Title:
Article 55
Description: 
Consequences of the conditions for Additional Tier 1 instruments ceasing to be met
Main content: 

The following shall apply where, in the case of an Additional Tier 1 instrument, the conditions laid down in Article 52(1) cease to be met:

(a)    that instrument shall immediately cease to qualify as an Additional Tier 1 instrument;

(b)    the part of the share premium accounts that relates to that instrument shall immediately cease to qualify as an Additional Tier 1 item.