+Article 5 3

Article 5 3

3.   Where the provisions governing the instruments provide that their principal amount shall be written down upon the occurrence of a trigger event, the write-down shall permanently or temporarily reduce all the following:

(a)

the claim of the holder of the instrument in the insolvency or liquidation of the institution;

(b)

the amount to be paid in the event of the call or redemption of the instrument;

(c)

the distributions made on the instrument.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards