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New version applies from 19/08/2014 — introduced by Single Resolution Mechanism (SRMR). 77 provisions change. Later versions: 12/01/2016, 30/03/2019, 01/01/2020, 26/06/2021, 30/12/2024, 10/11/2025, 31/12/2025. Article 4 changes in this version: compare with the current text.

Article 4 - Definitions

Comparing 20/03/2014 → 02/07/2014: 2 added, 1 removed, 3 changed Close comparison

For the purposes of this Regulation the following definitions apply:

(1)‘financial institutions’ means ‘credit institutions’ as defined in Article 4(1) of Directive 2006/48/EC, ‘investment firms’ as defined in Article 3(1)(b) of Directive 2006/49/EC, and ‘financial conglomerates’ as defined in Article 2(14) of Directive 2002/87/EC, save that, with regard to Directive 2005/60/EC, ‘financial institutions’ means credit institutions and financial institutions as defined in Article 3(1) and (2) of that Directive;

(iii)with regard to deposit guarantee schemes, bodies which administer deposit-guarantee schemes pursuant to Directive 94/19/EC, or, where the operation of the deposit-guarantee scheme is administered by a private company, the public authority supervising those schemes pursuant to that Directive.

(2)‘competent authorities’authority’ means:

(i)competent authoritiesauthority as defined in point (40) of Article 4(1)4(1)(40) of Regulation (EU) No 575/2013, includingand within the Europeanmeaning Centralof BankDirectives with regard to matters relating to the tasks conferred on it by Regulation (EU) No 1024/2013, in Directive 2007/64/EC,2007/64/EC and as referred to in Directive 2009/110/EC;

(ii)with regard to Directives 2002/65/EC and 2005/60/EC, the authorities competent for ensuring compliance with the requirements of those Directives by credit and financial institutions; and

(iii)with regard to Directive 2014/49/EU of the European Parliament and of the Council (43), a designated authority as defined in Article 2(1)(18) of that Directive;

(iv)with regard to Directive 2014/59/EU of the European Parliament and of the Council (44), a resolution authority as defined in Article 2(1)(18) of that Directive.

Official text · consolidated version 02/07/2014 (no longer in force) Open full page ↗
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