+Section 1 Additional Tier 1 items and instruments
---+Article 51 Additional Tier 1 items
---+Article 52 Additional Tier 1 instruments
------+Article 52 1.
------+Article 52 2.
---+Article 53 Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution
---+Article 54 Write down or conversion of Additional Tier 1 instruments
------+Article 54 1.
------+Article 54 2.
------+Article 54 3.
------+Article 54 4.
------+Article 54 5.
------+Article 54 6.
------+Article 54 7.
---+Article 55 Consequences of the conditions for Additional Tier 1 instruments ceasing to be met

Section 1 Additional Tier 1 items and instruments

Section 1 Additional Tier 1 items and instruments

1. Overview

,
Article 51 Additional Tier 1 items

Article 51

Additional Tier 1 items

Additional Tier 1 items shall consist of the following:

(a) 

capital instruments, where the conditions laid down in Article 52(1) are met;

(b) 

the share premium accounts related to the instruments referred to in point (a).

Instruments included under point (a) shall not qualify as Common Equity Tier 1 or Tier 2 items.
Article 52 Additional Tier 1 instruments
Article 53 Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution

Article 53

Restrictions on the cancellation of distributions on Additional Tier 1 instruments and features that could hinder the recapitalisation of the institution

For the purposes of points (l)(v) and (o) of Article 52(1), the provisions governing Additional Tier 1 instruments shall, in particular, not include the following:

(a) 

a requirement for distributions on the instruments to be made in the event of a distribution being made on an instrument issued by the institution that ranks to the same degree as, or more junior than, an Additional Tier 1 instrument, including a Common Equity Tier 1 instrument;

(b) 

a requirement for the payment of distributions on Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments to be cancelled in the event that distributions are not made on those Additional Tier 1 instruments;

(c) 

an obligation to substitute the payment of interest or dividend by a payment in any other form. The institution shall not otherwise be subject to such an obligation.
Article 54 Write down or conversion of Additional Tier 1 instruments
Article 55 Consequences of the conditions for Additional Tier 1 instruments ceasing to be met

Article 55

Consequences of the conditions for Additional Tier 1 instruments ceasing to be met

The following shall apply where, in the case of an Additional Tier 1 instrument, the conditions laid down in Article 52(1) cease to be met:

(a) 

that instrument shall immediately cease to qualify as an Additional Tier 1 instrument;

(b) 

the part of the share premium accounts that relates to that instrument shall immediately cease to qualify as an Additional Tier 1 item.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards