For the purposes of this Regulation, the following definitions apply:
‘resolution entity’ means either of the following:
an entity established in the Union, which is identified by the resolution authority in accordance with Article 12 of Directive 2014/59/EU as an entity in respect of which the resolution plan provides for resolution action; or
an institution that is not part of a group subject to consolidated supervision pursuant to Articles 111 and 112 of Directive 2013/36/EU of the European Parliament and of the Council 1, in respect of which the resolution plan drawn pursuant to Article 10 of Directive 2014/59/EU provides for resolution action;
‘resolution group’ means either of the following:
a resolution entity and its subsidiaries that are not:
resolution entities themselves; or
subsidiaries of other resolution entities; or
entities established in a third country that are not included in the resolution group in accordance with the resolution plan and their subsidiaries;
credit institutions permanently affiliated to a central body, the central body and any institution under the control of the central body when one of those entities is a resolution entity;
‘group institution’ means a group entity which is a credit institution or an investment firm;
‘relevant legal entity’ means a group entity that either:
provides critical functions; or
represents or provides more than 5 % of any of the following:
the total risk exposure amount of the group, referred to in Article 92(3) of Regulation (EU) No 575/2013 of the European Parliament and of the Council 2;
the leverage ratio total exposure measure of the group, referred to in Article 429(4) of Regulation (EU) No 575/2013;
the operating income of the group on a consolidated basis.