5.

When a trigger event occurs institutions shall do the following: immediately inform the competent authorities; inform the holders of the Additional Tier 1 instruments; write down the principal amount of the instruments, or convert the instruments into Common Equity Tier 1 instruments without delay, but no later than in one month, in accordance with the requirement laid down in this Article.

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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.