sale of business tool
Defined in Article 3, Single Resolution Mechanism (SRMR)
Definitions over time (1)
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28/12/2020 – today applies on 10/11/2026 Article 3, Single Resolution Mechanism (SRMR) Scope: Whole act
For the purposes of this Regulation the following definitions apply:
‘sale of business tool’ means the mechanism for effecting a transfer by a resolution authority of 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 24;
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 3(1)(30) Historical · definitions end 28/12/2020
Used in (15 places in 11 provisions on 10/11/2026)
Single Resolution Mechanism (SRMR) (15 in 11)
Recital 66 · Recital 70 · Recital 712 · Article 3 · Article 15 · Article 20 · Article 22 · Article 244 · Article 27 · Article 76 · Article 79