# Commission Decision of 18 July 2011 on State aid C 15/09 (ex N 196/09), which Germany implemented and is planning to implement for Hypo Real Estate (notified under document C(2011) 5157) (Only the German text is authentic) (Text with EEA relevance) (2012/118/EU), Division (iii): With the approval of SoFFin and after consultation with and approval of the Commission, the following items are not excluded:

Extent: E+W+S+N.I.

(a) the exercising of cancellation rights or any other payback or termination of other own capital instruments due to the expiry of recognition of the instrument in question as a component of the own capital category of HRE or of an entity subject to registration for which it was created;
(b) replacing an existing other own capital instrument with a new instrument of at least the same own capital category, level and duration, although replacing an other own capital instrument with the SoFFin own capital instruments is not permitted; and
(c) repurchase of other own capital instruments at significantly less than the issue price.

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Source: https://www.legislation.gov.uk/eudn/2012/118/annex/division/9/division/9.3/division/iii (the official version)
Page: https://openlegislation.uk/eu-decision-2012-118/annex/division-9/division-9.3/division-iii
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.