+Article 40 4.

Article 40 4.

Competent authorities shall require investment firms to meet the additional own funds requirement referred to in point (a) of Article 39(2) with own funds subject to the following conditions:

(a) 

at least three quarters of the additional own funds requirement is met with Tier 1 capital;

(b) 

at least three quarters of the Tier 1 capital is composed of Common Equity Tier 1 capital;

(c) 

those own funds are not used to meet any of the own funds requirements set out in points (a), (b) and (c) of Article 11(1) of Regulation (EU) 2019/2033.

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