Article 58

Path:
Capital Requirements Regulation (CRR) > PART TWO > TITLE I > CHAPTER 3 > Section 2 > Article 58
Title:
Article 58
Description: 
Deduction of holdings of Additional Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
Main content: 

Institutions shall make the deductions required by points (b), (c) and (d) of Article 56 in accordance with the following:

(a)    holdings of Additional Tier 1 instruments shall be calculated on the basis of the gross long positions;

(b)    Additional Tier 1 own-fund insurance items shall be treated as holdings of Additional Tier 1 instruments for the purposes of deduction.