# Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Article 465: Own funds requirements

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

1. By way of derogation from points (a) and (b) of Article 92(1) the following own funds requirements shall apply during the period from 1 January 2014 to 31 December 2014 :
(a) a Common Equity Tier 1 capital ratio of a level that falls within a range of 4 % to 4,5 %;
(b) a Tier 1 capital ratio of a level that falls within a range of 5,5 % to 6 %.
2. Competent authorities shall determine and publish the levels of the Common Equity Tier 1 and Tier 1 capital ratios in the ranges specified in paragraph 1 that institutions shall meet or exceed.

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Source: https://www.legislation.gov.uk/eur/2013/575/article/465 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/article-465
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.