EBA · 2013_12 Final Q&A

Grandfathering of own funds instruments

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
483
Topic
Own funds
Submitted by
Competent authority
Submitted
2013-07-03
Answer provided by
ESAs (EBA, ESMA, EIOPA)
Browse ECB SSM Register → More Q&As on this regulation →

Question

Will preference shares issued in 2009 subscribed by the government and currently accepted as Core Tier 1 qualify for grandfathering of State aid?

Background

Not given

Answer

These instruments subscribed by the State will fall under Article 483 of Regulation (EU) No 575/2013and will be grandfathered as Core Equity Tier (CET) 1 instruments until 31 December 2017 since they were issued before the date of application of Regulation (EU) No 575/2013.

Original source: European Banking Authority, Q&A ID 2013_12

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

Similar Q&As

Grandfathering of own funds instruments

Answered 2013-10-31

Grandfathering of own funds instruments

Grandfathering on own funds instruments

Answered 2013-11-15

Grandfathering of own funds instruments

Answered 2014-10-24

Grandfathering of Own Funds Instruments

Answered 2014-06-06

More Q&As on this topic

C01.00 - CIU deduction from own funds

Answered 2025-03-21

4.0 Reporting Framework - COREP_OF C02 Template

Answered 2025-03-21

Direct contributions to reserves from shareholders

Answered 2025-02-07

Permission to reduce AT1, Tier 2 or eligible liabilities instruments and deduction rules in the context of a liability management exercise without replacement.

Answered 2024-04-05

Treasury shares – how to report them in Own Funds and in the NSFR

Answered 2024-02-23

📋 Track EU financial regulation continuously

Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.

Start free trial → Learn more

14-day free trial. No credit card required.