Art. 494a
Capital Requirements Regulation · 32013R0575 · every event for this act · on EUR-Lex
4 changes recorded across 4 events, newest first.
in force 2023-06-28 INSERTED±0§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
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in force 2021-09-30 MODIFIED§
Amended by Regulation (EU) 2021/424 32021R0424
applies from: unchanged
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In paragraph 2, point (a) now refers to the conditions set out in Article 63 as a whole, rather than to the conditions set out in Article 63(1) as in the earlier text.
Cited: Art. 494a, v1 · Art. 494a, v2
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in force 2020-12-28 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown
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in force 2019-06-27 INSERTED§
Amended by Regulation (EU) 2019/876 32019R0876
applies from: unknown (an inserted provision states its own application date only in prose)
A new Article 494a is added, setting out conditions under which capital instruments not directly issued by an institution can still qualify as Additional Tier 1 or Tier 2 instruments until 31 December 2021, by way of derogation from Articles 52 and 63 respectively.
For both Additional Tier 1 and Tier 2 treatment, the article requires that the relevant conditions of Article 52(1) or Article 63(1) are met except for the direct-issuance requirement, that the instruments are issued through an entity within the consolidation under Chapter 2 of Title II of Part One, and that the proceeds are immediately available to the institution without limitation in a form satisfying those conditions.
Cited: Art. 494a, v2
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