{
  "url": "https://openlegislation.uk/eu-decision-2014-767/annex/division-6/division-6.7",
  "json_url": "https://openlegislation.uk/eu-decision-2014-767/annex/division-6/division-6.7.json",
  "legislation": "eudn/2014/767",
  "legislation_title": "Commission Decision of 24 July 2013 on the State aid SA.35062 (13/N-2) implemented by Portugal for Caixa Geral de Depósitos (notified under document C(2013) 4801) (Only the English text is authentic) (Text with EEA relevance) (2014/767/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2014-767",
  "path": "annex/division/6/division/6.7",
  "kind": "division",
  "number": "6.7",
  "heading": null,
  "text": "Ban on dividend, coupon and interest payments: CGD will not (and shall procure that none of its subsidiary undertakings shall) make any payments of dividends, coupons or interest to holders of preference shares and subordinated debt, in so far as those payments are not owed on the basis of contractual or legal obligations. However, CGD shall be allowed to make payments (or allow its subsidiary undertakings to make payments) of dividend, coupons or interest to holders of preference shares or subordinated debt if it can prove that non-payment would hinder or prevent the repayment of the CoCos (or payment of coupons on the CoCos) that is described in section 5.",
  "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/2014/767/annex/division/6/division/6.7",
    "retrieved_at": "2026-11-01T15:14:35.932686+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."
}