By way of derogation from Article 56, during the period from 1 January 2014 to 31 December 2017, the following shall apply:
(a)
institutions shall deduct from Additional Tier 1 items the applicable percentage specified in Article 478 of the amounts required to be deducted pursuant to Article 56;
(b)
institutions shall apply the requirements laid down in Article 475 to the residual amounts of the items required to be deducted pursuant to Article 56.