EBU Single Rulebook Q&A 1 November 2013 2013_467 Supervisory permission for reducing own funds if the institution replaces the instruments with own funds instruments of equal or higher quality

Are replacements of capital instruments also possible with other own funds items (e.g. retained earnings)? Retained earnings are part of the highest quality of own fund instruments. The dotation resp. documentation of new retained earnings should be also acknowledged as replacement of own funds instruments.