The adoption of a Directive is the appropriate procedure for the establishment of a framework consisting of certain common principles and a limited number of general requirements which Member States are to implement through more detailed rules in accordance with their national systems and their cultural contexts.
◷
New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD).
31 provisions change.
Later versions: 12/08/2022, 09/01/2024.
Recital 26 changes in this version: compare with the current text.