Article 25 - Adjustments in Respect of Additional Tier One Capital

Any amount recognised as a decrease to the equity of a Constituent Entity located in the Kingdom which relates to distributions paid or payable in respect of Additional Tier One Capital shall be treated as an expense for the purposes of determining the Constituent Entity Income or Loss for that Fiscal Year.

Any amount recognised as an increase to the equity of a Constituent Entity located in the Kingdom which relates to distributions received or due in respect of Additional Tier One Capital shall be treated as income for the purposes of determining the Constituent Entity Income or Loss for that Fiscal Year.