To the extent that certain national laws as adopted at 31 December 2016 already address the objective of allowing institutions to issue subordinated liabilities, part or all of the outstanding unsecured claims resulting from debt instruments issued prior to the date of application of this Directive should be able to have the same insolvency ranking as the non-preferred senior debt instruments issued under the conditions of this Directive.
A mhéid a bhféadfadh dlíthe áirithe náisiúnta, mar a glacadh ar an 31 Nollaig 2016 iad, aghaidh a bheith tugtha acu cheana ar an gcuspóir atá ann a chur ar chumas institiúidí dliteanais fho-ordaithe a eisiúint, ba cheart go mbeadh an deis ann an rangú céanna dócmhainneachta a bheith ag cuid de na héilimh neamhurraithe gan íoc de thairbhe ionstraimí fiachais arna n-eisiúint roimh dháta chur i bhfeidhm na Treorach seo nó acu sin ar fad, agus atá ag na hionstraimí fiachais shinsearaigh neamhthosaíochta a eisítear faoi choinníollacha na Treorach seo.