4.

Eligible liabilities shall be included in the amount of own funds and eligible liabilities referred to in paragraph 1 only if they satisfy the following conditions: the instrument is issued and fully paid up; the liability is not owed to, secured by or guaranteed by the institution itself; the purchase of the instrument was not funded directly or indirectly by the institution; the liability has a remaining maturity of at least one year; the liability does not arise from a derivative; the liability does not arise from a deposit which benefits from preference in the national insolvency hierarchy in accordance with Article 108. For the purpose of point (d) where a liability confers upon its owner a right to early reimbursement, the maturity of that liability shall be the first date where such a right arises.

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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.