Article 78a Description Permission to reduce eligible liabilities instruments Links Question & Answers Source EUR-Lex Question & Answers Paragraph All Links 2024_7036 Permission to reduce AT1, Tier 2 or eligible liabilities instruments and deduction rules in the context of a liability management exercise without replacement. 1 2017_3568 Market making 2014_1352 In the case of a repurchase of CET 1 instruments, AT 1 instruments, or T 2 instruments for market making purposes, competent authorities may give their permission in advance to reducing own funds for a certain predetermined amount.