CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

CRD IV for Investment Firms
CP13/6
CRR
article
Transitional Provision Issue
469 (1)(a) Deductions from CET1: holdings
of own shares (see Article 36(1)(f))
469(1)(a) Deductions from CET1:
reciprocal cross holdings (see
Article 36(1)(g))
469 (1)(a) Deductions from CET1: nonsignificant
holdings (see Article
36(1)(h))
469 (1)(c) Deductions from CET1: DTAs
(see Article 36(1)(c))
Relevant CRR
Article for
transition
percentage rate
From
Jan
2014
From
Jan
2015
From
Jan
2016
From
Jan
2017
478(1) 20% 40% 60% 80%
478(1) 20% 40% 60% 80%
478(1) 20% 40% 60% 80%
478(1) for DTAs
that did not exist
prior to 1 January
2014
20% 40% 60% 80%
469 (1)(c) Deductions from CET1: 478(1) 100% 100% 100% 100%
significant holdings (see Article
36(1)(i))
474(a) Deductions from Additional Tier 478(1) 20% 40% 60% 80%
1 items (see Article 56)
476(a) Deductions from Tier 2 items 478(1) 20% 40% 60% 80%
(see Article 66)
479(2) Recognition in consolidated CET 479(3) 0% 0% 0% 0%
1 capital of instruments that do
not qualify as minority interests
(see Title II of Part 2)
480(1) Recognition in consolidated 480(2) 0.2 0.4 0.6 0.8
own funds of minority interests
and qualifying AT1 and T2 (see
Articles 84(1)(b), 85(1)(b) and
87(1)(b))
481(1) Additional filters and deductions 481(3) 0% 0% 0% 0%
Financial Conduct Authority July 2013
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