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Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 Text with EEA relevance article 65 CELEX: 02013R0575-20250629 Consequences of the conditions for Tier 2 instruments ceasing to be met
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. |