PART TWO OWN FUNDS AND ELIGIBLE LIABILITIES

TITLE I ELEMENTS OF OWN FUNDS

CHAPTER 2 Common Equity Tier 1 capital

Section 3 Deductions from Common Equity Tier 1 items, exemptions and alternatives

Sub-Section 1 Deductions from Common Equity Tier 1 items

Article 44 Deduction of holdings of Common Equity Tier 1 instruments of financial sector entities and where an institution has a reciprocal cross holding designed artificially to inflate own funds
Institutions shall make the deductions referred to in points (g), (h) and (i) of Article 36(1) in accordance with the following:
(a) holdings of Common Equity Tier 1 instruments and other capital instruments of financial sector entities shall be calculated on the basis of the gross long positions;
(b) Tier 1 own-fund insurance items shall be treated as holdings of Common Equity Tier 1 instruments for the purposes of deduction.
Substituted by Corrigendum to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).