1.Wherever a Member State lays down by law, regulation or administrative action a provision in implementation of Community legislation concerning the prudential supervision of an operative credit institution which uses the term or refers to the concept of own funds, it
shall bring this term or concept into line with the definition given in the following Articles.
2.For the purposes of this Directive, ´credit institutions' shall mean the institutions to which Directive 77/780/EEC (7), as last amended by Directive 86/524/EEC (8), applies.