promotional entity
Defined in Article 242, Capital Requirements Regulation (CRR)
Definitions over time (2)
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29/06/2021 – today applies on 12/11/2026 Article 242, Capital Requirements Regulation (CRR) Scope: Part III Title II Chapter 5
For the purposes of this Chapter, the following definitions apply:
‘promotional entity’ means any undertaking or entity established by a Member State’s central, regional or local government, which grants promotional loans or grants promotional guarantees, whose primary goal is not to make profit or maximise market share but to promote that government’s public policy objectives, provided that, subject to State aid rules, that government has an obligation to protect the economic basis of the undertaking or entity and maintain its viability throughout its lifetime, or that at least 90 % of its original capital or funding or the promotional loan it grants is directly or indirectly guaranteed by the Member State’s central, regional or local government;
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01/01/2019 – 29/06/2021 Article 242, Capital Requirements Regulation (CRR) Scope: Part III Title II Chapter 5
For the purposes of this Chapter, the following definitions apply:
‘promotional entity’ means any undertaking or entity established by a Member State’s central, regional or local government, which grants promotional loans or grants promotional guarantees, whose primary goal is not to make profit or maximise market share but to promote that government’s public policy objectives, provided that, subject to State aid rules, that government has an obligation to protect the economic basis of the undertaking or entity and maintain its viability throughout its lifetime, or that at least 90 % of its original capital or funding or the promotional loan it grants is directly or indirectly guaranteed by the Member State’s central, regional or local government.