CHAPTER VTRANSITIONAL PROVISIONS OF REGULATION (EU) NO 575/2013
Article 23Article 486(6) of Regulation (EU) No 575/2013: Limits for grandfathering items within Common Equity Tier 1, Additional Tier 1 and Tier 2 items
1.
For the purposes of Article 486 of Regulation (EU) No 575/2013, the applicable percentages shall be:
(a)
60 % during the period from 1 January 2016 to 31 December 2016;
(b)
50 % during the period from 1 January 2017 to 31 December 2017;
(c)
40 % during the period from 1 January 2018 to 31 December 2018;
(d)
30 % during the period from 1 January 2019 to 31 December 2019;
(e)
20 % during the period from 1 January 2020 to 31 December 2020;
(f)
10 % during the period from 1 January 2021 to 31 December 2021.
2.
This Article is without prejudice to national law in force prior to the entry into force of this Regulation, provided that such law sets percentages that are lower than those specified in paragraph 1.