general prior permission
Defined in Article 1, Decision (EU) 2018/546 of the ECB
Definitions over time (1)
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26/09/2021 – today applies on 12/11/2026 Article 1, Decision (EU) 2018/546 of the ECB Scope: Whole act
For the purposes of this Decision, the following definitions shall apply:
‘general prior permission’ means a general permission to take any of the actions set out in Article 77(1) of Regulation (EU) No 575/2013 to reduce own funds which is granted in accordance with the second subparagraph of Article 78(1) of that Regulation;