17. Grandfathered instruments according to Regulation (EU) No 575/2013 are included in own funds …

Grandfathered instruments according to Regulation (EU) No 575/2013 are included in own funds according to the limits of Regulation (EU) No 575/2013 (Part 10, Chapter 2), according to which these items are progressively excluded from own funds (¹ ). Applying both guiding rule 1 and guiding rule 2, in the sequence of the writedown and conversion, AT1 items compliant with the rules of Regulation (EU) No 575/2013 and grandfathered instruments including any amount that is progressively excluded from own funds because of the limits set out in Part 10, Chapter 2 of Regulation (EU) No 575/2013 (in particular Article 486) should be subject to the same treatment.

Applying guiding rule 2: T2 instruments under the amortisation regime should be subject to the same treatment as T2 instruments fully included in own funds.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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