AI Summary of Article 30 Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met
In accordance with the relevant regulations, specifically Articles 28 and 29, it is important to note that if the criteria for a Common Equity Tier 1 instrument are no longer satisfied, immediate consequences ensue. Firstly, the instrument in question shall lose its status as a Common Equity Tier 1 instrument without delay.
Furthermore, any associated share premium accounts will concurrently cease to be recognised as Common Equity Tier 1 items. This underscores the critical nature of compliance with specified conditions to maintain the integrity and regulatory standing of equity instruments.
Article 30 Consequences of the conditions for Common Equity Tier 1 instruments ceasing to be met
The following shall apply where, in the case of a Common Equity Tier 1 instrument, the conditions laid down in Article 28 or, where applicable, Article 29 cease to be met:
(a) that instrument shall immediately cease to qualify as a Common Equity Tier 1 instrument;
(b) the share premium accounts that relate to that instrument shall immediately cease to qualify as Common Equity Tier 1 items.