emergency situation
Defined in Article 2, Regulation (EU) No 795/2014 of the ECB
Definitions over time (1)
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06/12/2017 – today applies on 11/11/2026 Article 2, Regulation (EU) No 795/2014 of the ECB Scope: Whole act
‘emergency situation’ means an event, occurrence or circumstance that has the capacity to lead to the loss of or disruption to a SIPS's operations, services, or functions, including interfering with or preventing final settlement;