sale of business tool
Defined in Article 2, Bank Recovery and Resolution Directive (BRRD)
Definitions over time (1)
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20/07/2017 – today applies on 12/11/2026 Article 2, Bank Recovery and Resolution Directive (BRRD) Scope: Whole act
For the purposes of this Directive the following definitions apply:
‘sale of business tool’ means the mechanism for effecting a transfer by a resolution authority of shares or other instruments of ownership issued by an institution under resolution, or assets, rights or liabilities, of an institution under resolution to a purchaser that is not a bridge institution, in accordance with Article 38;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 2(1)(58) Historical · definitions end 20/07/2017
Used in (24 places in 14 provisions on 12/11/2026)
Bank Recovery and Resolution Directive (BRRD) (24 in 14)
Recital 612 · Recital 622 · Recital 63 · Recital 87 · Article 2 · Article 34 · Article 36 · Article 37 · Article 386 · Article 394 · Article 43 · Article 84 · Article 101 · Article 109