sale of business tool
Definitions over time (1)
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02/07/2014 – 20/07/2017 Article 2, Bank Recovery and Resolution Directive (BRRD) Scope: Whole act
1. For the purposes of this Directive the following definitions apply:
‘sale of business tool’ means the mechanism for effecting a transfer by a resolution authority of shares or other 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 38;
Other definitions of this term in this act (1)
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