{
  "url": "https://openlegislation.uk/eu-regulation-2014-241",
  "json_url": "https://openlegislation.uk/eu-regulation-2014-241.json",
  "id": "eur/2014/241",
  "title": "Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions (Text with EEA relevance)",
  "short_title": "Regulation (EU) No 241/2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the…",
  "long_title": "Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions (Text with EEA relevance)",
  "citation": "EU Regulation No 241/2014",
  "type": "eur",
  "year": "2014",
  "number": "241",
  "version": "current",
  "date": "2014-01-07",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 1,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "GENERAL",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Subject matter",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "ELEMENTS OF OWN FUNDS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/II/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Common Equity Tier 1 capital and instruments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "chapter/II/section/1/subsection/1",
      "kind": "subsection",
      "number": "1",
      "heading": "Foreseeable dividends and charges",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Meaning of ‘foreseeable’ in foreseeable dividend for the purposes of Article 26(2)(b) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/1"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Meaning of ‘foreseeable’ in foreseeable charge for the purposes of Article 26(2)(b) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/1"
    },
    {
      "path": "chapter/II/section/1/subsection/2",
      "kind": "subsection",
      "number": "2",
      "heading": "Cooperative societies, savings institutions, mutuals and similar institutions",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Type of undertaking recognised under applicable national law as a cooperative society for the purposes of Article 27(1)(a)(ii) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Type of undertaking recognised under applicable national law as a savings institution for the purposes of Article 27(1)(a)(iii) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Type of undertaking recognised under applicable national law as a mutual for the purposes of Article 27(1)(a)(i) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/7",
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      "number": "7",
      "heading": "Type of undertaking recognised under applicable national law as a similar institution for the purposes of Article 27(1)(a)(iv) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/7a",
      "kind": "article",
      "number": "7a",
      "heading": "Multiple distributions constituting a disproportionate drag on own funds",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-7a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/7b",
      "kind": "article",
      "number": "7b",
      "heading": "Preferential distributions regarding preferential rights to payments of distributions",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-7b",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/7c",
      "kind": "article",
      "number": "7c",
      "heading": "Calculation of the payout ratio for the purposes of point (b) of Article 7b(8)",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-7c",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "article/7d",
      "kind": "article",
      "number": "7d",
      "heading": "Preferential distributions regarding the order of distribution payments",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-7d",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/2"
    },
    {
      "path": "chapter/II/section/1/subsection/3",
      "kind": "subsection",
      "number": "3",
      "heading": "Indirect funding",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Indirect funding of capital instruments for the purposes of Article 28(1)(b,) Article 52(1)(c) and Article 63(c) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/3"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Applicable forms and nature of indirect funding of capital instruments for the purposes of Article 28(1)(b) and 52(1)(c) and 63(c) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/3"
    },
    {
      "path": "chapter/II/section/1/subsection/4",
      "kind": "subsection",
      "number": "4",
      "heading": "Limitations on redemption of capital instruments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Limitations on redemption of capital instruments issued by mutuals, savings institutions, cooperative societies and similar institutions for the purposes of Article 29(2)(b) of Regulation (EU) No 575/2013 and Article 78(3) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/4"
    },
    {
      "path": "article/11",
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      "number": "11",
      "heading": "Limitations on redemption of capital instruments issued by mutuals, savings institutions, cooperative societies and similar institutions for the purposes of Article 29(2)(b) of Regulation (EU) No 575/2013 and Article 78(3) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1/subsection/4"
    },
    {
      "path": "chapter/II/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Prudential Filters",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "The concept of gain on sale for the purposes of Article 32(1)(a) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "chapter/II/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Deductions from Common Equity Tier 1 items",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Deduction of losses for the current financial year for the purposes of Article 36(1)(a) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-13",
      "extent": "E+W+S+N.I.",
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      "path": "article/13a",
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      "number": "13a",
      "heading": "Deduction of software assets that are classified as intangible assets for accounting purposes for the purposes of Article 36(1), point (b), of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-13a",
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    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Deductions of deferred tax assets that rely on future profitability for the purposes of Article 36(1)(c) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-14",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Deduction of defined benefit pension fund assets for the purposes of Article 36(1)(e) of Regulation (EU) No 575/2013 and Article 41(1)(b) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15a",
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      "number": "15a",
      "heading": "Indirect holdings for the purposes of Article 36(1)(f),(h) and (i) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15a",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15b",
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      "number": "15b",
      "heading": "Synthetic holdings for the purposes of Article 36(1)(f),(h) and (i) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15b",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
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    {
      "path": "article/15c",
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      "number": "15c",
      "heading": "Calculation of indirect holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15c",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15d",
      "kind": "article",
      "number": "15d",
      "heading": "Default approach for the calculation of indirect holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15d",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
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    {
      "path": "article/15e",
      "kind": "article",
      "number": "15e",
      "heading": "Structure-based approach for the calculation of indirect holdings for the purposes of points (f), (h) and (i) of Article 36(1) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15e",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15f",
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      "number": "15f",
      "heading": "Calculation of synthetic holdings for the purposes of points (f),(h) and (i) of Article 36(1) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15f",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15g",
      "kind": "article",
      "number": "15g",
      "heading": "Calculation of significant investments for the purposes of Article 36(1)(i) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15g",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15h",
      "kind": "article",
      "number": "15h",
      "heading": "Holdings of Additional Tier 1 and Tier 2",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15h",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15i",
      "kind": "article",
      "number": "15i",
      "heading": "Order and maximum amount of deductions of indirect holdings of own funds instruments of financial sector entities",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15i",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15j",
      "kind": "article",
      "number": "15j",
      "heading": "Goodwill",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-15j",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Deductions of foreseeable tax charges for the purposes of Article 36(1)(l) and Article 56(f) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-16",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/3"
    },
    {
      "path": "chapter/II/section/4",
      "kind": "section",
      "number": "4",
      "heading": "Other deductions for Common Equity Tier 1, additional Tier 1 and Tier 2 items",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Other deductions for capital instruments of financial institutions for the purposes of Article 36(3) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-17",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/4"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Capital instruments of third country insurance and reinsurance undertakings for the purposes of Article 36(3) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-18",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/4"
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Capital instruments of undertakings excluded from the scope of Directive 2009/138/EC for the purposes of Article 36(3) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-19",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II/section/4"
    },
    {
      "path": "chapter/III",
      "kind": "chapter",
      "number": "III",
      "heading": "ADDITIONAL TIER 1 CAPITAL",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/III/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Form and nature of incentives to redeem",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/20",
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      "number": "20",
      "heading": "Form and nature of incentives to redeem for the purposes of Article 52(1)(g) and 63(h)of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/1"
    },
    {
      "path": "chapter/III/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Conversion or write-down of the principal amount",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Nature of the write-up of the principal amount following a write-down for the purposes of Article 52(1)(n) and Article 52(2)(c)(ii) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/2"
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Procedures and timing for determining that a trigger event has occurred for the purposes of Article 52(1)(n) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/2"
    },
    {
      "path": "chapter/III/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Features of instruments that could hinder recapitalisation",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "Features of instruments that could hinder recapitalisation for the purposes of Article 52(1)(o) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/3"
    },
    {
      "path": "chapter/III/section/4",
      "kind": "section",
      "number": "4",
      "heading": "Use of special purposes entities for indirect issuance of own funds instruments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/24",
      "kind": "article",
      "number": "24",
      "heading": "Use of special purposes entities for indirect issuance of own funds instruments for the purposes of Article 52(1)(p) and Article 63(n) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/4"
    },
    {
      "path": "article/24a",
      "kind": "article",
      "number": "24a",
      "heading": "Distribution on own funds instruments — broad market indices",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-24a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/4"
    },
    {
      "path": "chapter/IV",
      "kind": "chapter",
      "number": "IV",
      "heading": "GENERAL REQUIREMENTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/IV/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Indirect holdings arising from index holdings",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/25",
      "kind": "article",
      "number": "25",
      "heading": "Extent of conservatism required in estimates for calculating exposures used as an alternative to the underlying exposures for the purposes of Article 76(2) of Regulation (EU) No 575/2013",
      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-25",
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      "status": null,
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      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-34",
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      "status": null,
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      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-34c",
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      "url": "https://openlegislation.uk/eu-regulation-2014-241/article-36",
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