http://www.legislation.gov.uk/eur/2014/241/article/5Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions (Text with EEA relevance)Commission Delegated Regulation (EU) No 241/2014Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions (Text with EEA relevance)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0241-20201223texttext/xmlen2026-02-03Expert Participation2025-11-30 CHAPTER II <Strong>ELEMENTS OF OWN FUNDS</Strong> SECTION 1 <Strong> <Emphasis>Common Equity Tier 1 capital and instruments</Emphasis> </Strong> Subsection 2 <Strong> <Expanded>Cooperative societies, savings institutions, mutuals and similar institutions</Expanded> </Strong> Type of undertaking recognised under applicable national law as a savings institution for the purposes of Article 27(1)(a)(iii) of Regulation (EU) No 575/2013 Article 5 1 Competent authorities may determine that a type of undertaking recognised under applicable national law qualifies as a savings institution for the purpose of Part Two of Regulation (EU) No 575/2013, where all the conditions in paragraphs 2, 3 and 4 are met. 2 To qualify as a savings institution for the purposes of paragraph 1, the institution’s legal status shall fall within one of the following categories: a in Austria: institutions registered as ‘Sparkasse’ under para. 1 (1) of the ‘Bundesgesetz über die Ordnung des Sparkassenwesens (Sparkassengesetz – SpG)’; b in Denmark: institutions registered as ‘Sparekasser’ under the Danish Financial Business Act; c in Finland: institutions registered as ‘Säästöpankki’ or ‘Sparbank’ under ‘Säästöpankkilaki ‘ or ‘Sparbankslag’; d in Germany: institutions registered as ‘Sparkasse’ as follows: Sparkassengesetz für Baden-Württemberg (SpG)’; ‘Gesetz über die öffentlichen Sparkassen (Sparkassengesetz – SpkG) in Bayern‘; ‘Gesetz über die Berliner Sparkasse und die Umwandlung der Landesbank Berlin – Girozentrale – in eine Aktiengesellschaft (Berliner Sparkassengesetz – SpkG)’; ‘Brandenburgisches Sparkassengesetz (BbgSpkG)’; ‘Sparkassengesetz für öffentlich-rechtliche Sparkassen im Lande Bremen (Bremisches Sparkassengesetz)’; ‘Hessisches Sparkassengesetz’; ‘Sparkassengesetz des Landes Mecklenburg-Vorpommern (SpkG)’; ‘Niedersächsisches Sparkassengesetz (NSpG)’; ‘Sparkassengesetz Nordrhein-Westfalen (Sparkassengesetz – SpkG) ’; Sparkassengesetz (SpkG) für Rheinland-Pfalz’; ‘Saarländisches Sparkassengesetz (SSpG)’; ‘Gesetz über die öffentlich-rechtlichen Kreditinstitute im Freistaat Sachsen und die Sachsen-Finanzgruppe’; ‘Sparkassengesetz des Landes Sachsen-Anhalt (SpkG-LSA)’; ‘Sparkassengesetz für das Land Schleswig-Holstein (Sparkassengesetz – SpkG)’; ‘Thüringer Sparkassengesetz (ThürSpkG)’; e in Spain: institutions registered as ‘Cajas de Ahorros‘ under ‘Real Decreto-Ley 2532/1929, de 21 de noviembre, sobre Régimen del Ahorro Popular’; f in Sweden: institutions registered as ‘Sparbank’ under ‘Sparbankslag (1987:619)’. 3 With respect to Common Equity Tier 1 capital, to qualify as a savings institution for the purposes of paragraph 1, the institution has to be able to issue, according to national applicable law or company statutes, at the level of the legal entity, only capital instruments referred to in Article 29 of Regulation (EU) No 575/2013. 4 To qualify as a savings institution for the purposes of paragraph 1, the sum of capital, reserves and interim or year-end profits, shall not be allowed, according to national applicable law, to be distributed to holders of Common Equity Tier 1 instruments. Such condition is deemed to be fulfilled even where the institution issues Common Equity Tier 1 instruments that grant the holders, on a going concern basis, a right to a part of the profits and reserves, where allowed by the applicable national law, provided that this part is proportionate to their contribution to the capital and reserves or, where permitted by the applicable national law, in accordance with an alternative arrangement. The institution may issue Common Equity Tier 1 instruments that grant the holders, in the case of insolvency or liquidation of the institution, the right to reserves which do not need to be proportionate to the contribution to capital and reserves provided that the conditions of paragraphs 4 and 5 of Article 29 of Regulation (EU) No 575/2013 are met.