(1) The eligible amounts of Tier 2 and Tier 3 items shall be subject to quantitative limits for Solvency Capital Requirement compliance purposes.
(2) Those limits shall be such as to ensure that at least the following conditions are met:
(a) the proportion of Tier 1 items in the eligible own funds is higher than one third of the total amount of eligible own funds;
(b) the eligible amount of Tier 3 items is less than one third of the total amount of eligible own funds.
(3) The amount of basic own-fund items eligible to cover the Minimum Capital Requirement which are classified in Tier 2 shall be subject to quantitative limits.
(4) Those limits shall be such as to ensure, as a minimum, that the proportion of Tier 1 items in the eligible basic own funds is higher than one half of the total amount of eligible basic own funds.
(5) The eligible amount of own funds to cover the Solvency Capital Requirement set out in Regulation 113 shall be equal to the sum of the amount of Tier 1, the eligib
…