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CA-2.1.11J

When a trigger event occurs conventional bank licensees must do the following:

(a)Immediately inform the CBB;
(b)Inform the holders of the T2 instruments; and
(c)Write down the principal amount of the T2 instruments, or convert the instruments into CET1 instruments without delay, but no later than within one month, in accordance with the requirement laid down in this Section.
January 2015