financial institution

Definitions over time (1)

15/12/2005 – 25/12/2007 Article 3, Directive 2005/60/EC Scope: Whole act

For the purposes of this Directive the following definitions shall apply:

‘financial institution’ means: an undertaking other than a credit institution which carries out one or more of the operations included in points 2 to 12 and 14 of Annex I to Directive 2000/12/EC, including the activities of currency exchange offices (bureaux de change) and of money transmission or remittance offices; an insurance company duly authorised in accordance with Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance (^{11}), insofar as it carries out activities covered by that Directive; an investment firm as defined in point 1 of Article 4(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments (^{12}); a collective investment undertaking marketing its units or shares; an insurance intermediary as defined in Article 2(5) of Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on insurance mediation (^{13}), with the exception of intermediaries as mentioned in Article 2(7) of that Directive, when they act in respect of life insurance and other investment related services; branches, when located in the Community, of financial institutions as referred to in points (a) to (e), whose head offices are inside or outside the Community;

Each has its own scope, dates and uses. Open one to see when it applies.

No text uses this concept on 11/11/2026.