Art. 72d · Consequences of the eligibility conditions ceasing to be met

Version in force 27 June 2019, Inserted +473 −0§

Amended by Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex)

Applies from: not readable (an inserted provision states its own application date only in prose) why

Explanation, written by a model and checked against the cited text

This is a new article stating that if an eligible liabilities instrument no longer meets the conditions set out in Article 72b, the liability immediately stops qualifying as an eligible liabilities instrument.

It also states that liabilities referred to in Article 72b(2) may continue to count as eligible liabilities instruments for as long as they still qualify under Article 72b(3) or (4).

Cited: Art. 72d, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 72d
Consequences of the eligibility conditions ceasing to be met
Where, in the case of an eligible liabilities instrument, the applicable conditions set out in Article 72b cease to be met, the liabilities shall immediately cease to qualify as eligible liabilities instruments.
Liabilities referred to in Article 72b(2) may continue to count as eligible liabilities instruments as long as they qualify as eligible liabilities instruments under Article 72b(3) or (4).