To ensure that the new non-preferred senior class of debt instruments meets the eligibility criteria as described in the TLAC standard and as set out in Directive 2014/59/EU, thereby enhancing legal certainty, Member States should ensure that those debt instruments have an original contractual maturity of at least one year, do not contain embedded derivatives and are not derivatives themselves, and that the relevant contractual documentation related to their issuance and, where applicable, the prospectus explicitly refer to their lower ranking under normal insolvency proceedings.
Chun a áirithiú go gcomhlíonann an aicme nua shinsearach d’ionstraimí fiachais neamhthosaíochta na critéir incháilitheachta mar a thuairiscítear i gcaighdeán TLAC agus a leagtar amach i dTreoir 2014/59/AE, agus ar an gcaoi sin, go ndéanfar an deimhneacht dhlíthiúil a fheabhsú, ba cheart do na Ballstáit a áirithiú go mbíonn bliain amháin ar a laghad d’aibíocht chonarthach bhunaidh ag na hionstraimí fiachais sin, nach mbíonn díorthaigh leabaithe acu agus nach díorthaigh iontu féin iad agus, sa doiciméadacht chonarthach ábhartha a bhaineann lena n-eisiúint agus, i gcás inarb infheidhme, sa réamheolaire, go dtagraítear go sonrach dá rangú níos ísle de réir gnáthimeachtaí dócmhainneachta.