Article 15g Calculation of Significant Investments for the Purposes of Article 36(1)(I) of the CRR
1.
For the purposes of Article 36(1)(i) of the CRR, in order to assess whether an institution owns more than 10% of the Common Equity Tier 1 instruments issued by a financial sector entity, in accordance with point (a) of Article 43 of the CRR, institutions shall add the amounts of their gross long positions in direct holdings, as well as indirect holdings of Common Equity Tier 1 instruments of this financial sector entity referred to in points (d) to (h) of Article 15a(1) of this Chapter 4 of the Own Funds and Eligible Liabilities (CRR) Part of the PRA Rulebook.
- 01/01/2022
2.
Indirect and synthetic holdings shall be taken into account in order to assess whether the conditions in points (b) and (c) of Article 43 of the CRR are met.
[Note: This rule corresponds to Article 15g of Part 2 of Regulation (EU) No 241/2014 as it applied immediately before revocation by the Treasury.]
- 01/01/2022