+Article 77 1.

Article 77 1.

An institution shall obtain the prior permission of the competent authority to do any of the following:

(a) 

reduce, redeem or repurchase Common Equity Tier 1 instruments issued by the institution in a manner that is permitted under applicable national law;

(b) 

reduce, distribute or reclassify as another own funds item the share premium accounts related to own funds instruments;

(c) 

effect the call, redemption, repayment or repurchase of Additional Tier 1 or Tier 2 instruments prior to the date of their contractual maturity.

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