AI Summary of Article 485 Eligibility for inclusion in the Common Equity Tier 1 of share premium accounts related to items that qualified as own funds under national transposition measures for Directive 2006/48/EC
This Article is applicable solely to financial instruments issued before 31 December 2010, excluding those mentioned in Article 483(1). Compliance with this provision is essential for regulatory adherence.
Furthermore, share premium accounts, as defined under Article 22 of Directive 86/635/EEC, may be classified as Common Equity Tier 1 items, provided they meet the stipulations set forth in points (i) and (j) of Article 28 of the relevant Regulation, and qualified as original own funds under national measures aligned with Article 57 of Directive 2006/48/EC.
Article 485 Eligibility for inclusion in the Common Equity Tier 1 of share premium accounts related to items that qualified as own funds under national transposition measures for Directive 2006/48/EC
1. This Article shall apply only to instruments that were issued prior to 31 December 2010 and are not those referred to in Article 483(1).
2. Share premium accounts related to capital within the meaning of Article 22 of Directive 86/635/EEC that qualified as original own funds under the national transposition measures for point (a) of Article 57 of Directive 2006/48/EC shall qualify as Common Equity Tier 1 items if they meet the conditions laid down in points (i) and (j) of Article 28 of this Regulation.