asset and liability separation tool
Defined in Article 2, Directive (EU) 2025/1 (IRRD)
Definitions over time (1)
-
For the purposes of this Directive, the following definitions apply:
‘asset and liability separation tool’ means the mechanism for effecting a transfer by a resolution authority of assets, rights or liabilities of an undertaking under resolution to an asset and liability management vehicle in accordance with Article 30;
Used in (13 places in 6 provisions on 12/11/2026)
Directive (EU) 2025/1 (IRRD) (13 in 6)
Recital 532 · Article 2 · Article 262 · Article 284 · Article 302 · Article 352