Article 468(3) of Regulation (EU) No 575/2013: Unrealised gains measured at fair value
Article 15
1. During the period from 1 January 2016 to 31 December 2017, credit institutions shall remove from their calculation of Common Equity Tier 1 items the applicable percentage of unrealised gains within the meaning of Article 468(1) of Regulation (EU) No 575/2013 and including gains on exposures to central governments classified in the ‘available for sale’ category. 2. For the purposes of paragraph 1, the applicable percentage shall be: (a) 40 % during the period from 1 January 2016 to 31 December 2016; and (b) 20 % during the period from 1 January 2017 to 31 December 2017. 3. This Article is without prejudice to national law in force prior to the entry into force of this Regulation where such law sets applicable percentages that are higher than those specified in paragraph 2.