4.16. Additional Tier 1 (AT1) Capital

AT 1 Capital is the sum of the following elements:

(a)       instruments issued by a Bank that satisfy the criteria in Rule 4.17 for inclusion in AT1 Capital (and are not included in CET 1 Capital);

(b)       share premium resulting from the issue of instruments included in AT1 Capital, according to (a) above, if any;

(c)       instruments, issued by consolidated Subsidiaries of the Bank and held by third parties, that satisfy the criteria in Rule 4.23 for inclusion in AT1 Capital (and are not included in CET 1 Capital of the respective Banks);

(d)       regulatory adjustments applied in the calculation of AT1 Capital in accordance with Rule 4.28.