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Regulation (EU) No 575/2013 of the European Parliament and of the CouncilShow full title
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 (Text with EEA relevance)
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- Revised 28/06/20235.43 MB
- Revised 28/12/20205.48 MB
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- Revised 25/12/20194.80 MB
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- Revised 26/04/20194.04 MB
- Revised 01/01/20193.86 MB
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Changes over time for: Article 469
Version Superseded: 28/06/2013
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Regulation (EU) No 575/2013 of the European Parliament and of the Council, Article 469 is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Article 469U.K.Deductions from Common Equity Tier 1 items
1.By way of derogation from Article 36(1), during the period from 1 January 2014 to 31 December 2017, the following shall apply:
(a)institutions shall deduct from Common Equity Tier 1 items the applicable percentage specified in Article 478 of the amounts required to be deducted pursuant to points (a) to (h) of Article 36(1), excluding deferred tax assets that rely on future profitability and arise from temporary differences;
(b)institutions shall apply the relevant provisions laid down in Article 472 to the residual amounts of items required to be deducted pursuant to points (a) to (h) of Article 36(1), excluding deferred tax assets that rely on future profitability and arise from temporary differences;
(c)institutions shall deduct from Common Equity Tier 1 items the applicable percentage specified in Article 478 of the total amount required to be deducted pursuant to points (c) and (i) of Article 36(1) after applying Article 470;
(d)institutions shall apply the requirements laid down in Article 472(5) or (11), as applicable, to the total residual amount of items required to be deducted pursuant to points (c) and (i) of Article 36(1) after applying Article 470.
2.Institutions shall determine the portion of the total residual amount referred to in point (d) of paragraph 1, that is subject to Article 472(5), by dividing the amount specified in point (a) of this paragraph by the amount specified in point (b) of this paragraph:
(a)the amount of deferred tax assets that are dependent on future profitability and arise from temporary differences referred to in point (a) of Article 470(2);
(b)the sum of the amounts referred to in points (a) and (b) of Article 470(2).
3.Institutions shall determine the portion of the total residual amount referred to point (d) of paragraph 1 that is subject to Article 472(11) by dividing the amount specified in point (a) of this paragraph by the amount specified in point (b) of this paragraph:
(a)the amount of direct and indirect holdings of the Common Equity Tier 1 instruments referred to in point (b) of Article 470(2);
(b)the sum of the amounts referred to in points (a) and (b) of Article 470(2).
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