1. By way of derogation from points
(a) and
(b) of Article 92(1) the following own funds requirements shall apply during the period from 1 January 2014 to 31 December 2014:
(a)
a Common Equity Tier 1 capital ratio of a level that falls within a range of 4 % to 4,5 %;
(b)
a Tier 1 capital ratio of a level that falls within a range of 5,5 % to 6 %.
2. Competent authorities shall determine and publish the levels of the Common Equity Tier 1 and Tier 1 capital ratios in the ranges specified in paragraph 1 that institutions shall meet or exceed.