1.This Standard must be read in conjunction with the Capital Regulations Circular No 52/2017, in which Tier Capital the Tier Capital Supply Standard defines criteria required for capital to be classified as Additional Tier 1 (AT1) and Tier 2 (T2). Non-exhaustive examples of features are optional calls, coupon payments, and distributable items.

2.The purpose of this Standard is to:

• •Clarify the requirements for classification of AT1 and T2 instruments in the UAE
• •Provide a robust Tier Capital instrument framework to the industry,
• •Support a standardisation of AT1 and T2 instruments in the market
• •Implement a clear application and approval process.