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Capital Requirements Regulation (CRR)
Article 476

Article 476 — Deductions from Tier 2 items

By way of derogation from Article 66, during the period from 1 January 2014 to 31 December 2017, the following shall apply:

  1. institutions shall deduct from Tier 2 items the applicable percentage specified in Article 478 of the amounts required to be deducted pursuant to Article 66;
  2. institutions shall apply the requirements laid down in Article 477 to the residual amounts required to be deducted pursuant to Article 66.