Article 27 Meaning of Sustainable for the Income Capacity of the Institution for the Purposes of Articles 78(1) and 78(4)(d) of the CRR
1.
Sustainable for the income capacity of the institution under point (a) of Article 78(1) and under point (d) of Article 78(4) of the CRR shall mean that the profitability of the institution, continues to be sound or does not see any negative change after the replacement of the instruments or the related share premium accounts referred to in Article 77(1) of the CRR with own funds instruments of equal or higher quality, at that date and for the foreseeable future. In this, the institution shall take into account its institution’s profitability in stress situations.
[Note: This rule corresponds to Article 27 of Part 2 of Regulation (EU) No 241/2014 as it applied immediately before revocation by the PRA.]
- 01/01/2023