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Article R533-21 of the French Monetary and Financial Code

The other convertible instruments referred to in 3° of Article L. 533-30-11 that may be used for the allocation of variable compensation are the only instruments that may be fully converted into Tier 1 core capital instruments as defined by Regulation (EU) no. 575/2013 of the European Parliament and of the Council of 26 June 2013.

Original in French 🇫🇷
Article R533-21

Les autres instruments convertibles mentionnés au 3° de l’article L. 533-30-11 susceptibles d’être utilisés pour l’attribution de la rémunération variable s’entendent des seuls instruments pouvant être totalement convertis en instruments de fonds propres de base de catégorie 1 définis par le règlement (UE) n° 575/2013 du Parlement européen et du Conseil du 26 juin 2013.

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