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FINREP 4.4validation

Releases (DPM and templates)

Annex V text editions

What's new FINREP 4.2.1 → 4.4

A release is the EBA package of templates and rules. A variant is an alternative set of templates inside a release (IFRS 18 replaces some IAS 1 templates). Annex V editions are versions of the instruction text.

CRR — Regulation (EU) No 575/2013 on prudential requirements for credit institutions (Capital Requirements Regulation) · version 2026-06-26 · CELEX 32013R0575 · consolidated text, no legal effect (EUR-Lex)

CRR › Article 489

Article 489 Hybrid instruments with a call and incentive to redeem

official text, verbatim

1

From 1 January 2014 to 31 December 2021, instruments referred to in Article 484(4) that include in their terms and conditions a call with an incentive for them to be redeemed by the institution shall, by way of derogation from Articles 51 and 52, be subject to this Article.

2

The instruments shall qualify as Additional Tier 1 instruments provided that the following conditions are met:

2(a)

the institution was able to exercise a call with an incentive to redeem only prior to 1 January 2013;

2(b)

the institution did not exercise the call;

2(c)

the conditions laid down in Article 52 are met from 1 January 2013.

3

The instruments shall qualify as Additional Tier 1 instruments with their recognition reduced in accordance with Article 484(4) until the date of their effective maturity and thereafter shall qualify as Additional Tier 1 items without limit provided that:

3(a)

the institution was able to exercise a call with an incentive to redeem only on or after 1 January 2013;

3(b)

the institution did not exercise the call on the date of the effective maturity of the instruments;

3(c)

the conditions laid down in Article 52 are met from the date of the effective maturity of the instruments.

4

The instruments shall not qualify as Additional Tier 1 instruments, and shall not be subject to Article 484(4), from 1 January 2014 where the following conditions are met:

4(a)

the institution was able to exercise a call with an incentive to redeem between 31 December 2011 and 1 January 2013;

4(b)

the institution did not exercise the call on the date of the effective maturity of the instruments;

4(c)

the conditions laid down in Article 52 are not met from the date of the effective maturity of the instruments.

5

The instruments shall qualify as Additional Tier 1 instruments with their recognition reduced in accordance with Article 484(4) until the date of their effective maturity, and shall not qualify as Additional Tier 1 instruments thereafter, where the following conditions are met:

5(a)

the institution was able to exercise a call with an incentive to redeem on or after 1 January 2013;

5(b)

the institution did not exercise the call on the date of the effective maturity of the instruments;

5(c)

the conditions laid down in Article 52 are not met from the date of the effective maturity of the instruments.

6

The instruments shall qualify as Additional Tier 1 instruments in accordance with Article 484(4) where the following conditions are met:

6(a)

the institution was able to exercise a call with an incentive to redeem only prior to or on 31 December 2011;

6(b)

the institution did not exercise the call on the date of the effective maturity of the instruments;

6(c)

the conditions laid down in Article 52 were not met from the date of the effective maturity of the instruments.