http://www.legislation.gov.uk/eur/2014/241/chapter/III/section/1Commission 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 III <Strong>ADDITIONAL TIER 1 CAPITAL</Strong> SECTION 1 <Strong> <Emphasis>Form and nature of incentives to redeem</Emphasis> </Strong> Form and nature of incentives to redeem for the purposes of Article 52(1)(g) and 63(h)of Regulation (EU) No 575/2013 Article 20 1 Incentives to redeem shall mean all features that provide, at the date of issuance, an expectation that the capital instrument is likely to be redeemed. 2 The incentives referred to in paragraph 1 shall include the following forms: a a call option combined with an increase in the credit spread of the instrument if the call is not exercised; b a call option combined with a requirement or an investor option to convert the instrument into a Common Equity Tier 1 instrument where the call is not exercised; c a call option combined with a change in reference rate where the credit spread over the second reference rate is greater than the initial payment rate minus the swap rate; d a call option combined with an increase of the redemption amount in the future; e a remarketing option combined with an increase in the credit spread of the instrument or a change in reference rate where the credit spread over the second reference rate is greater than the initial payment rate minus the swap rate where the instrument is not remarketed; f a marketing of the instrument in a way which suggests to investors that the instrument will be called.