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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

Article 4
Definitions

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;

(2)

‘competent authority’ means:

(i)

competent authority as defined in Article 4(1)(40) of Regulation (EU) No 575/2013, and within the meaning of Directives 2007/64/EC and 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;

(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.

  1. 43 Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on Deposit Guarantee Schemes (OJ L 173, 12.6.2014, p. 149). ↩
  2. 44 Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190). ↩
Official text · consolidated version 02/07/2014 (no longer in force) Open full page ↗
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