Transitional provisions for eligible capital
Article 494
By way of derogation from point (71)(b) of Article 4(1), eligible capital may include Tier 2 capital up to the following amounts: (a) 100 % of Tier 1 capital during the period from 1 January 2014 to 31 December 2014; (b) 75 % of Tier 1 capital during the period from 1 January 2015 to 31 December 2015; (c) 50 % of Tier 1 capital during the period from 1 January 2016 to 31 December 2016.