sovereign issuer

Definitions over time (1)

01/07/2016 – 31/12/2019 Article 4, Directive 2014/65/EU (MIFID II) Scope: Whole act

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

‘sovereign issuer’ means any of the following that issues debt instruments: the Union; a Member State, including a government department, an agency, or a special purpose vehicle of the Member State; in the case of a federal Member State, a member of the federation; a special purpose vehicle for several Member States; an international financial institution established by two or more Member States which has the purpose of mobilising funding and provide financial assistance to the benefit of its members that are experiencing or threatened by severe financing problems; or the European Investment Bank;

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No text uses this concept on 12/11/2026.