Updated 09/05/2024
In force

Version from: 09/01/2024
Amendments (1)
There is currently no Level 2 legal act based on or specifying Article 469a.
Search within this legal act

Article 469a - Derogation from deductions from Common Equity Tier 1 items for non-performing exposures

Article 469a

Derogation from deductions from Common Equity Tier 1 items for non-performing exposures

By way of derogation from point (m) Article 36(1), institutions shall not deduct from Common Equity Tier 1 items the applicable amount of insufficient coverage for non-performing exposures where the exposure was originated prior to 26 April 2019.

Where the terms and conditions of an exposure which was originated prior to 26 April 2019 are modified by the institution in a way that increases the institution's exposure to the obligor, the exposure shall be considered as having been originated on the date when the modification applies and shall cease to be subject to the derogation provided for in the first subparagraph.