liquidation entity

Definitions over time (1)

14/11/2024 – today applies on 12/11/2026 Article 3, Single Resolution Mechanism (SRMR) Scope: Whole act

For the purposes of this Regulation the following definitions apply:

‘liquidation entity’ means a legal person established in a participating Member State in respect of which the group resolution plan or, for entities that are not part of a group, the resolution plan, provides that the entity is to be wound up under normal insolvency proceedings, or an entity, within a resolution group other than a resolution entity, in respect of which the group resolution plan does not provide for the exercise of write-down and conversion powers;