1. By way of derogation from Article 35, during the period from 1 January 2014 to 31 December 2017, institutions shall remove from their Common Equity Tier 1 items the applicable percentage of unrealised gains related to assets or liabilities measured at fair value and reported on the balance sheet, excluding those referred to in Article 33 and all other unrealised gains with the exception of those related to investment properties reported as part of the profit and loss account. The resulting residual amount shall not be removed from Common Equity Tier 1 items.
2. For the purposes of paragraph 1, the applicable percentage shall be 100 % during the period from 1 January 2014 to 31 December 2014, and shall, after that date, fall within the following ranges:
(a) 60 % to 100 % during the period from 1 January 2015 to 31 December 2015;
(b) 40 % to 100 % during the period from 1 January 2016 to 31 December 2016;
(c) 20 % to 100 % for the period from 1 January 2017 to 31 December 2017.