+Article 5 8
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Article 5 8
8. Where a trigger event occurs, institutions shall be required to do the following:
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(a)
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inform the staff members who have been awarded the instruments as variable remuneration and the persons who continue to hold such instruments;
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(b)
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write down the principal amount of the instruments, or convert the instruments into Common Equity Tier 1 instruments as soon as possible and within a maximum period of one month in accordance with the requirements laid down in this Article.
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1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- Builddate: 20.05.2014 00:00:00 -Doknr: CELEX:32014R0527
- EULAW -
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