location of the obligor

Definitions over time (1)

19/11/2014 – today applies on 11/11/2026 Article 1, Commission Delegated Regulation (EU) No 1152/2014 Scope: Whole act

For the purposes of this Regulation, the following definitions shall apply:

‘location of the obligor’ means the Member State or the third country, where the natural or legal person, who is the institution's counterparty to a general credit exposure or the issuer of a financial instrument not included in the trading book or the counterparty to a non-trading book exposure, is ordinarily resident (in the case of a natural person), or has its registered office (in the case of a legal person); for a legal person whose centre of actual administration is in a Member State or in a third country other than the Member State or the country of its registered office, ‘location of the obligor’ means the Member State or the third country of its actual place of administration;