Article 12 Level 2B assets
1. Level 2B assets shall only include assets falling under one or more of the following categories and meeting in each case the eligibility criteria laid down herein:
(a) exposures in the form of asset-backed securities meeting the requirements laid down in Article 13;
(b) corporate debt securities which meet all of the following requirements:
(i) they have received a credit assessment by a nominated ECAI which is at least credit quality step 3 in accordance with Article 122 of Regulation (EU) No 575/2013 or the equivalent credit quality step in the event of a short term credit assessment;
(ii) the securities issue size is at least EUR 250 million (or the equivalent in domestic currency);
(iii) the maximum time to maturity of the securities at the time of issuance is 10 years;
(c) shares, provided that they meet all of the following requirements:
(i) they form part of a major stock index in a Member State or in a third country, as identified as such for the purposes of this point by the competent authority of a Member State or the relevant public authority in a third country. In the absence of any decision from the competent authority or public authority in relation to major stock indexes, credit institutions shall regard as such a stock index composed of leading companies in the relevant jurisdiction;