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Capital Requirements Regulation (CRR)
Article 65

Article 65 — 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:

  1. that instrument shall immediately cease to qualify as a Tier 2 instrument;
  2. the part of the share premium accounts that relate to that instrument shall immediately cease to qualify as Tier 2 items.