6. The provisions contained in Article 48, in particular the first paragraph thereof, create a …

The provisions contained in Article 48, in particular the first paragraph thereof, create a number of interrelationships with the regime set forth in Regulation (EU) No 575/2013 and Directive 2014/59/EU that need to be clarified. In particular, this interrelationship concerns the capital instruments (in particular AT1 and T2 classes) for purposes of the sequence of writedown and conversion. Points (69), (73) and (74) of Article 2(1) of Directive 2014/59/EU define such instruments as those meeting the conditions laid down in Articles 52 and 63 of Regulation (EU) No 575/2013 but do not specify the treatment applicable to instruments of the same class or issuance, but under a different regime for the purposes of calculating the institution’s own funds.

2. Scope and level of application

1. Overview

1.1 References

• Article 52 Additional Tier 1 instruments
• Article 63 Tier 2 instruments

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

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