+Article 54 5.

Article 54 5.

When a trigger event occurs institutions shall do the following:

(a) 

immediately inform the competent authorities;

(b) 

inform the holders of the Additional Tier 1 instruments;

(c) 

write down the principal amount of the instruments, or convert the instruments into Common Equity Tier 1 instruments without delay, but no later than within one month, in accordance with the requirement laid down in this Article.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards