EBU Single Rulebook Q&A 23 February 2015 2015_1849 Implementation of the provisions on the shorter transitional period for a countercyclical capital buffer, as provided under Article 160 of the Directive 2013/36/EU

What is the correct interpretation of Article 160 (6) and (7) of the Directive 2013/36/EU (CRD)? According to Article 162(2) CRD, the rules on the (countercyclical capital buffer) CCB in general, including on CCB rates, are applicable from 1 January 2016.