liquidation entity
Defined in Article 2, Bank Recovery and Resolution Directive (BRRD)
Definitions over time (1)
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14/11/2024 – 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:
‘liquidation entity’ means a legal person established in the Union in respect of which the group resolution plan or, for entities that are not part of a group, the resolution plan, provides that the entity is to be wound up under normal insolvency proceedings, or an entity, within a resolution group other than a resolution entity, in respect of which the group resolution plan does not provide for the exercise of write-down and conversion powers;