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  • Consequences of the Conditions for AT1 Instruments Ceasing to Be Met

    • CA-2.1.7N

      The following must apply where, in the case of an AT1 instrument, the conditions laid down in Paragraph CA-2.1.6 cease to be met:

      (a) That instrument must immediately cease to qualify as an AT1 instrument; and
      (b) The part of the share premium accounts that relates to that instrument must immediately cease to qualify as an AT1 item.
      January 2015