{
  "url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-2",
  "json_url": "https://openlegislation.uk/eu-decision-2012-477/annex-II/division-2.json",
  "legislation": "eudn/2012/477",
  "legislation_title": "Commission Decision of 20 September 2011 on State aid granted by Germany to HSH Nordbank AG SA.29338 (C 29/09 (ex N 264/09)) (notified under document C(2011) 6483) (Only the German text is authentic) (Text with EEA relevance) (2012/477/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2012-477",
  "path": "annex/II/division/2",
  "kind": "division",
  "number": "2",
  "heading": null,
  "text": "[Hybrids] Until 31 December 2014, HSH may not make any payments in respect of profit-related equity instruments (such as hybrid financial instruments and profit participation certificates (Genussscheine)), in so far as those payments are not owed on the basis of a contract or the law. If HSH’s balance sheet, before adjustment of reserves and retained earnings, shows a loss, those instruments will also participate in the loss. There will be no participation in losses brought forward from previous years.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2012/477/annex/II/division/2",
    "retrieved_at": "2026-11-01T15:15:22.896332+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}