Interactive Single Rulebook

The Interactive Single Rulebook is an on-line tool that provides a comprehensive compendium of  the level 1 text for the Capital Requirements Regulation (CRR) and the Capital Requirements Directive (CRD IV); Bank Recovery and Resolution Directive (BRRD); the Deposit Guarantee Schemes Directive (DGSD); and the Payments Services Directive (PSD2)  the corresponding technical standards developed by the European Banking Authority (EBA) and adopted by the European Commission (RTS and ITS), as well as the EBA Guidelines and related Q&As.
 
The purpose of the Single Rulebook is to ensure the consistent application of the regulatory banking framework across the EU.
 
This Interactive Single Rulebook is meant purely as a documentation tool and the EBA does not assume any liability for its contents. For the authentic version of EU legislation users should refer to the Official Journal of the European Union.
 
Please click on the relevant legislative text to see technical standards, guidelines and Q&As relating to each Article.
 
 
 

Interactive Single Rulebook

Path Capital Requirements Regulation > PART TEN > TITLE I > CHAPTER 1 > Section 3 > Sub-Section 4 > Article 478 (Copy link to article)
Title Article 478
Description Applicable percentages for deduction from Common Equity Tier 1, Additional Tier 1 and Tier 2 items
Main content

1. The applicable percentage for the purposes of Article 468 (4), points (a) and (c) of Article 469(1), point (a) of Article 474 and point (a) of Article 476 shall fall within the following ranges:

(a) 20 % to 100 % for the period from 1 January 2014 to 31 December 2014;

(b) 40 % to 100 % for the period from 1 January 2015 to 31 December 2015;

(c) 60 % to 100 % for the period from 1 January 2016 to 31 December 2016;

(d) 80 % to 100 % for the period from 1 January 2017 to 31 December 2017.

3. Competent authorities shall determine and publish an applicable percentage in the ranges specified in paragraphs 1 and 2 for each of the following deductions:

(a) the individual deductions required pursuant to points (a) to (h) of Article 36(1), excluding deferred tax assets that rely on future profitability and arise from temporary differences;

(b) the aggregate amount of deferred tax assets that rely on future profitability and arise from temporary differences and the items referred to in point (i) of Article 36(1) that is required to be deducted pursuant to Article 48;

(c) each deduction required pursuant to points (b) to (d) of Article 56;

(d) each deduction required pursuant to points (b) to (d) of Article 66.

Topics Own funds