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Article 2

Article 2

The following shall be excluded from any repayment by guarantee schemes:

subject to Article 8 (3), deposits made by other credit institutions on their own behalf and for their own account,

all instruments which would fall within the definition of ‘own funds’ in Article 2 of Council Directive 89/299/EEC of 17 April 1989 on the own funds of credit institutions 8,

deposits arising out of transactions in connection with which there has been a criminal conviction for money laundering as defined in Article 1 of Council Directive 91/308/EEC of 10 June 1991 on prevention of the use of the financial system for the purpose of money laundering 9.

  1. 8 OJ No L 124, 5.5.1989, p. 16. Directive is last amended by Directive 92/16/EEC (OJ No L 75, 21.3.1992, p. 48). ↩
  2. 9 OJ No L 166, 28.6.1991, p. 77. ↩
Official text · consolidated version 16/03/2009 (in force) Open full page ↗
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