material amendment

Definitions over time (1)

28/07/2016 – today applies on 12/11/2026 Article 42, Commission Delegated Regulation (EU) 2016/1075 Scope: Chapter V

For the purposes of this Chapter V, Section I, the following definitions apply:

‘material amendment’ means, in relation to a relevant agreement, as defined in point 2 of this Article, entered into before the date of application of the national provisions transposing Section 5 of Chapter IV of Title IV of Directive 2014/59/EU, an amendment, including an automatic amendment, made after that date and affecting the substantive rights and obligations of a party to a relevant agreement; amendments which do not affect the substantive rights and obligations of a party to a relevant agreement include a change to the contact details of a signatory or the addressee for the service of documents, typographical changes to correct drafting errors or automatic adjustments of interest rates;

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