lexiara

2.

Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance) · European Union

Securities of indeterminate duration and other instruments that fulfil the following conditions may also be accepted as other items: they may not be reimbursed on the bearer's initiative or without the prior agreement of the competent authority; the debt agreement shall provide for the credit institution to have the option of deferring the payment of interest on the debt; the lender's claims on the credit institution shall be wholly subordinated to those of all non-subordinated creditors; the documents governing the issue of the securities shall provide for debt and unpaid interest to be such as to absorb losses, whilst leaving the credit institution in a position to continue trading; and only fully paid-up amounts shall be taken into account. To these securities and other instruments may be added cumulative preferential shares other than those referred to in point (h) of Article 57.

· All articles ·

Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.