4. According to Article 48(3) of Directive 2014/59/EU, before applying the write down or conversion …

According to Article 48(3) of Directive 2014/59/EU, before applying the write down or conversion power to other eligible liabilities or liabilities ranking pari passu, resolution authorities shall convert or reduce the principal amount of AT1 and T2 instruments and of other subordinated liabilities when those liabilities have not already been converted and their terms provide for: (a) the principal amount of the instrument to be reduced on the occurrence of any event that refers to the financial situation, solvency or levels of own funds of the institution; or (b) the conversion of the instruments to shares or other instruments of ownership on the occurrence of any such event.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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