Article 65

Path:
Capital Requirements Regulation (CRR) > PART TWO > TITLE I > CHAPTER 4 > Section 1 > Article 65
Title:
Article 65
Description: 
Consequences of the conditions for Tier 2 instruments ceasing to be met
Main content: 

Where in the case of a Tier 2 instrument the conditions laid down in Article 63 cease to be met, the following shall apply:

(a)    that instrument shall immediately cease to qualify as a Tier 2 instrument;

(b)    the part of the share premium accounts that relate to that instrument shall immediately cease to qualify as Tier 2 items.