CEBS Consultation on Its Implementation Guidelines on Capital Instruments

Consultation on Implementation Guidelines regarding Instruments referred to in Article 57 (a) of Directive 2006/48/EC recast (CP 33)
The revised Capital Requirements Directive (CRD) introduces explicit rules for the treatment of instruments eligible as capital and, in particular, requirements for their inclusion in institutions’ original own funds without limits. The amendments will need to be transposed into Member States’ national law by 31 October 2010 and will then be applied from 31 December 2010.