financial institution

Defined in Article 3, Directive 2005/60/EC

Definitions over time (2)

1. 30/10/2009 – today applies on 10/11/2026 Article 3, Directive 2005/60/EC Scope: Whole act

   For the purposes of this Directive the following definitions shall apply:

   ‘financial institution’ means: an undertaking, other than a credit institution, which carries out one or more of the operations included in points 2 to 12 and points 14 and 15 of Annex I to Directive 2006/48/EC, including the activities of currency exchange offices (bureaux de change); an insurance company duly authorised in accordance with Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance (^{11}), insofar as it carries out activities covered by that Directive; an investment firm as defined in point 1 of Article 4(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments (^{12}); a collective investment undertaking marketing its units or shares; an insurance intermediary as defined in Article 2(5) of Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on insurance mediation (^{13}), with the exception of intermediaries as mentioned in Article 2(7) of that Directive, when they act in respect of life insurance and other investment related services; branches, when located in the Community, of financial institutions as referred to in points (a) to (e), whose head offices are inside or outside the Community;

2. 25/12/2007 – 30/10/2009 Article 3, Directive 2005/60/EC Scope: Whole act

   For the purposes of this Directive the following definitions shall apply:

   ‘financial institution’ means: an undertaking other than a credit institution which carries out one or more of the activities listed in points 2 to 12 and 14 of Annex I to Directive 2006/48/EC, including the activities of currency exchange offices (bureaux de change); an insurance company duly authorised in accordance with Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance (^{11}), insofar as it carries out activities covered by that Directive; an investment firm as defined in point 1 of Article 4(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments (^{12}); a collective investment undertaking marketing its units or shares; an insurance intermediary as defined in Article 2(5) of Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on insurance mediation (^{13}), with the exception of intermediaries as mentioned in Article 2(7) of that Directive, when they act in respect of life insurance and other investment related services; branches, when located in the Community, of financial institutions as referred to in points (a) to (e), whose head offices are inside or outside the Community;

Used in (25 places in 17 provisions on 10/11/2026)

Directive 2005/60/EC (25 in 17)

Recital 2 · Recital 4 · Recital 34² · Recital 35 · Recital 36³ · Article 2 · Article 3² · Article 6 · Article 11² · Article 12 · Article 13 · Article 15 · Article 31⁴ · Article 32 · Article 34 · Article 37 · Article 39