X1PART TENTRANSITIONAL PROVISIONS, REPORTS, REVIEWS AND AMENDMENTS

Annotations:
Editorial Information

TITLE ITRANSITIONAL PROVISIONS

CHAPTER 2Grandfathering of capital instruments

Section 2Instruments not constituting State aid

Sub-Section 2Inclusion of instruments with a call and incentive to redeem in additional Tier 1 and Tier 2 items

Article 491Effective maturity

For the purposes of Articles 489 and 490, effective maturity shall be determined as follows:

  1. (a)

    for the items referred to in paragraphs 3 and 5 of those Articles, the date of the first call with an incentive to redeem occurring on or after 1 January 2013;

  2. (b)

    for the items referred to in paragraph 4 of those Articles, the date of the first call with an incentive to redeem occurring between 31 December 2011 and 1 January 2013;

  3. (c)

    for the items referred to in paragraph 6 of those Articles, the date of the first call with an incentive to redeem prior to 31 December 2011.