Guideline (EU) 2020/497 of the ECB Article 2: Definitions

Article 2 - Definitions

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Article 2

Definitions

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For the purposes of this Guideline, the following definitions apply:

((1))

‘entity’ means any of the following:

((a))

an undertaking included in the scope of prudential consolidation in accordance with Chapter 2 of Title II of Part One of Regulation (EU) No 575/2013 of the European Parliament and the Council ⁶, or an undertaking that would have been included in such scope if it had not been granted a waiver in accordance with that Regulation;

((b))

an undertaking excluded from the scope of prudential consolidation in accordance with Article 19 of Regulation (EU) No 575/2013;

((c))

a branch as defined in point 17 of Article 4(1) of Regulation (EU) No 575/2013 which is established in a participating Member State by a credit institution established in another participating Member State;

((d))

a branch as defined in point 17 of Article 4(1) of Regulation (EU) No 575/2013 which is established in a participating Member State by a credit institution established in a non-participating Member State;

((2))

‘participating Member State’ means participating Member State as defined in point 1 of Article 2 of Regulation (EU) No 1024/2013;

((3))

‘non-participating Member State’ means a Member State that is not a participating Member State;

((4))

‘national competent authority’ or ‘NCA’ means national competent authority as defined in point 2 of Article 2 of Regulation (EU) No 1024/2013;

((5))

‘reference data’ means the set of attributes of an individual entity and its relationships with other entities, as listed in Annexes I and II, or any one or more attributes or relationships in that set;

((6))

‘credit institution’ means credit institution as defined in point 1 of Article 4(1) of Regulation (EU) No 575/2013;

((7))

‘group’ means group as defined in point 5 of Article 2 of Regulation (EU) No 468/2014 (ECB/2014/17);

((8))

‘resident’ means resident as defined in point 4 of Article 1 of Council Regulation (EC) No 2533/98 ⁷;

((9))

‘compounding rule’ means compounding rule as defined in point 17 of Article 2 of Guideline (EU) 2018/876 (ECB/2018/16);

((10))

‘RIAD hub’ means RIAD hub as defined in point 18 of Article 2 of Guideline (EU) 2018/876 (ECB/2018/16);

((11))

‘working day’ means working day as defined in point 20 of Article 2 of Guideline (EU) 2018/876 (ECB/2018/16);

((12))

‘control’ means control as defined in point 37 of Article 4(1) of Regulation (EU) No 575/2013;

((13))

‘Legal Entity Identifier’ or ‘LEI’ means an alphanumeric reference code in line with the ISO 17442 standard ⁸.

6 Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 ( OJ L 176, 27.6.2013, p. 1 ). ↩

7 Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information of the European Central Bank ( OJ L 318, 27.11.1998, p. 8 ). ↩

8 Available on the website of the International Organisation for Standardisation (ISO) at www.iso.org. ↩