AI Summary of Article 492 Disclosure of own funds
This Article mandates that institutions implement specific disclosure requirements from 1 January 2014 to 31 December 2021. Initially, institutions must disclose their Common Equity Tier 1 (CET1) and Tier 1 capital levels relative to the requisites outlined in Article 465.
Moreover, from 2014 to 2017, additional disclosures concerning filters, deductions, and qualifying instruments for CET1, Additional Tier 1, and Tier 2 capital must be provided. The European Banking Authority (EBA) is tasked with developing uniform disclosure templates, to be submitted to the Commission by 28 July 2013, ensuring consistency in reporting these capital elements.
Article 492 Disclosure of own funds
1. Institutions shall apply this Article during the period from 1 January 2014 to 31 December 2021.
2. From 1 January 2014 to 31 December 2015, institutions shall disclose the extent to which the level of Common Equity Tier 1 capital and Tier 1 capital exceed the requirements laid down in Article 465.
3. From 1 January 2014 to 31 December 2017, institutions shall disclose the following additional information about their own funds:
(a) the nature and effect on Common Equity Tier 1 capital, Additional Tier 1 capital, Tier 2 capital and own funds of the individual filters and deductions applied in accordance with Articles 467 to 470, 474, 476 and 479;
(b) the amounts of minority interests and Additional Tier 1 and Tier 2 instruments, and related retained earnings and share premium accounts, issued by subsidiaries that are included in consolidated Common Equity Tier 1 capital, Additional Tier 1 capital, Tier 2 capital and own funds in accordance with Section 4 of Chapter 1;
(c) the effect on Common Equity Tier 1 capital, Additional Tier 1 capital, Tier 2 capital and own funds of the individual filters and deductions applied in accordance with Article 481;