4.14. Common Equity Tier 1 (CET1) Capital

CET 1 Capital is the sum of the following elements:

1. (a) common shares issued by the Bank that satisfy the criteria in Rule 4.15 for classification as common shares for regulatory purpose (or the equivalent for legal entities which are not);
2. (b) share premium resulting from the issue of instruments included in CET 1 Capital;
3. (c) retained earnings;
4. (d) accumulated other comprehensive income and other disclosed reserves;
5. (e) common shares, issued by a consolidated Subsidiary of the Bank and held by third parties, that satisfy the criteria in Rule 4.22 for inclusion in CET 1 Capital;
6. (f) regulatory adjustments applied in the calculation of CET 1 Capital in accordance with Rule 4.29.