(d)

where the provisions governing the instruments require their principal amount to be written down upon the occurrence of a trigger event, the write down shall reduce all the following: the claim of the holder of the instrument in the insolvency or liquidation of the institution; the amount required to be paid in the event of the call or redemption of the instrument; the distributions made on the instrument.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.