4.16. Additional Tier 1 (AT1) Capital

AT 1 Capital is the sum of the following elements:

1. (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);
2. (b) share premium resulting from the issue of instruments included in AT1 Capital, according to
3. (a) above, if any;
4. (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);
5. (d) regulatory adjustments applied in the calculation of AT1 Capital in accordance with Rule 4.28.