Regulations Governing the Capital Adequacy and Capital Category of Banks Article 10
The range of additional Tier 1 capital shall mean the total amount of the following items reduces the total amount of the deductible items in accordance with the rules for calculation methods.1. Non-cumulative perpetual preferred stock and its capital stock premium.2. Non-cumulative perpetual subordinated debts.3. The non-cumulative perpetual preferred stock and its capital stock premium, and the non-cumulative perpetual subordinated debts which are issued by banks' subsidiaries, and are not directly or indirectly held by banks.The additional Tier 1 capital stated in the previous paragraph shall meet the following requirements, some of which involving the conditions of investors' interest shall be specified in the issuance document.1. The issuance quota for such issuance shall be fully received.2. The bank and its affiliated business do not provide guarantee, collateral or other arrangements to enhance the seniority of the holders.3. For those whose priority orders for the distribution of the earnings and assets are junior to those of holders of Tier 2 capital, depositors, and other general creditors.4. Non-maturity date, non-interest rate step-up conditions, or other incentives to redeem.5. After five years of issuance, such debts may not be redeemed earlier or be bought from the market by banks, or the banks with the expectation from investors unless the debt meets the following situations at the same time: A. Obtain prior approval from the competent authority. B. Debts which may be redeemed earlier or be bought from the market shall meet one of the following requirements: a. The capital adequacy ratio of the bank after being redeemed shall meet the minimum regulatory capital adequacy ratio. b. Replace the original capital instrument with a capital instrument with equivalent or higher quality.6. The dividend distribution or the interest payment shall meet the following requirements: A. The bank may not distribute the dividend or pay the interest if it had no earnings during the previous fiscal year and did not distribute common stock dividends. Where the balance of accumulated undistributed earnings after deducting the unamortized loss for the disposal of non-performing loans exceeds the interest payment and such payment does not alter the originally agreed conditions for interest payment, distribution is allowed. B. The banks shall defer the payment of principal and interest before its capital adequacy ratio meets the regulatory capital adequacy ratio; the deferred payment of principal or interest shall not accrue additional interest. C. The payment of principal or interest shall not be set to be adjusted according to the credit situation of the bank.7. The order of priority for the distribution of the earnings and assets of the holder of additional Tier 1 capital is the same as that of a common stock holder when the competent authority assigned officials to take receivership over the bank, order such a bank to suspend and wind up business, or liquidate the bank.
中文原文 銀行資本適足性及資本等級管理辦法第10條
非普通股權益之其他第一類資本之範圍為下列各項目之合計數額減依計算方法說明所規定之應扣除項目之金額：
一、永續非累積特別股及其股本溢價。
二、無到期日非累積次順位債券。
三、銀行之子公司發行非由銀行直接或間接持有之永續非累積特別股及其股本溢價、無到期日非累積次順位債券。
前項之非普通股權益之其他第一類資本工具，應符合下列條件，其中涉及投資人權益之條件，應載明於發行契約：
一、當次發行額度，應全數收足。
二、銀行或其關係企業未提供保證、擔保品或其他安排，以增進持有人之受償順位。
三、受償順位次於第二類資本工具之持有人、存款人及其他一般債權人。
四、無到期日、無利率加碼條件或其他提前贖回之誘因。
五、發行五年後，除同時符合下列情形外，不得由發行銀行提前贖回或由市場買回，亦不得使投資人預期銀行將行使提前贖回權或由市場買回：
（一）經主管機關核准。
（二）提前贖回或由市場買回須符合下列條件之一：1.計算提前贖回後銀行資本適足比率仍符合法定資本適足比率。
2.須以同等或更高品質之資本工具替換原資本工具。
六、分配股利或支付債息須符合下列條件：
（一）銀行上年度無盈餘且未發放普通股股息時，不得分配股利或支付債息。
（二）銀行資本適足比率未達法定資本適足比率前，應遞延償還本息，所遞延之股利或債息不得再加計利息。
（三）股利或債息之支付不得設定隨銀行信用狀況而變動。
七、銀行發生經主管機關派員接管、勒令停業清理、清算時，非普通股權益之其他第一類資本工具持有人之清償順位與普通股股東相同。
一、永續非累積特別股及其股本溢價。
二、無到期日非累積次順位債券。
三、銀行之子公司發行非由銀行直接或間接持有之永續非累積特別股及其股本溢價、無到期日非累積次順位債券。
前項之非普通股權益之其他第一類資本工具，應符合下列條件，其中涉及投資人權益之條件，應載明於發行契約：
一、當次發行額度，應全數收足。
二、銀行或其關係企業未提供保證、擔保品或其他安排，以增進持有人之受償順位。
三、受償順位次於第二類資本工具之持有人、存款人及其他一般債權人。
四、無到期日、無利率加碼條件或其他提前贖回之誘因。
五、發行五年後，除同時符合下列情形外，不得由發行銀行提前贖回或由市場買回，亦不得使投資人預期銀行將行使提前贖回權或由市場買回：
（一）經主管機關核准。
（二）提前贖回或由市場買回須符合下列條件之一：1.計算提前贖回後銀行資本適足比率仍符合法定資本適足比率。
2.須以同等或更高品質之資本工具替換原資本工具。
六、分配股利或支付債息須符合下列條件：
（一）銀行上年度無盈餘且未發放普通股股息時，不得分配股利或支付債息。
（二）銀行資本適足比率未達法定資本適足比率前，應遞延償還本息，所遞延之股利或債息不得再加計利息。
（三）股利或債息之支付不得設定隨銀行信用狀況而變動。
七、銀行發生經主管機關派員接管、勒令停業清理、清算時，非普通股權益之其他第一類資本工具持有人之清償順位與普通股股東相同。