AI Summary of Article 72d Consequences of the eligibility conditions ceasing to be met
The provisions outlined in Article 72b stipulate that should the conditions for qualifying as an eligible liabilities instrument no longer be met, those liabilities will forfeit their status immediately. This underscores the importance of maintaining compliance with the specified criteria at all times.
Moreover, liabilities referenced under Article 72b(2) may retain their classification as eligible liabilities instruments if they continue to fulfil the requirements set out in Article 72b(3) or (4). This provision allows for a degree of flexibility, enabling entities to manage their liability profiles effectively amidst evolving regulatory landscapes.
Article 72d Consequences of the eligibility conditions ceasing to be met
Where, in the case of an eligible liabilities instrument, the applicable conditions set out in Article 72b cease to be met, the liabilities shall immediately cease to qualify as eligible liabilities instruments.
Liabilities referred to in Article 72b(2) may continue to count as eligible liabilities instruments as long as they qualify as eligible liabilities instruments under Article 72b(3) or (4).