24. For the ADC exposures referred to in paragraph 22, the appropriate amount of …

For the ADC exposures referred to in paragraph 22, the appropriate amount of obligor-contributed equity for the purposes of Article 126a(2), point (b), of the CRR should be set according to the requirements of the paragraphs 19 to 21 of these Guidelines, with the following adjustment:

• a. [Reducing the equity threshold]: the ratio of the amount of the obligor-contributed equity to the residential property's value upon completion referred to in paragraph 19 should be equal to or higher than 20%.
• b. [Allowing subsidies and grants committed to the obligor]: The subsidies and grants referred to in paragraph 20, point (b), also include the subsides and grants committed to the obligor in order to cover the incurred costs of the project, including subsidies committed in the form of funds derived from state-backed, unsecured junior loans with preferential interest rates, as measured in the currency of the financing for the obligor and at the moment of the calculation of capital requirements.

18

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.