institution
Defined in Article 2, Directive 98/26/EC
Definitions over time (3)
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‘institution’ shall mean: a credit institution as defined in Article 4(1), point (1), of Regulation (EU) No 575/2013 of the European Parliament and of the Council ( 1 ), including the entities listed in Article 2(5) of Directive 2013/36/EU; an investment firm as defined in Article 4(1), point (1), of Directive 2014/65/EU of the European Parliament and of the Council ( 2 ), excluding the institutions set out in Article 2(1) thereof; public authorities and publicly guaranteed undertakings; or any undertaking whose head office is outside the Union and whose functions correspond to those of the Union credit institutions or investment firms defined in the first and second indent, which participates in a system, and which is responsible for discharging the financial obligations arising from transfer orders within that system; a payment institution as defined in Article 4, point (4), of Directive (EU) 2015/2366 of the European Parliament and of the Council ( 3 ), with the exception of a natural or legal person benefitting from an exemption pursuant to Article 32 or 33 of that Directive; or an electronic money institution as defined in Article 2, point (1), of Directive 2009/110/EC of the European Parliament and of the Council ( 4 ), with the exception of a legal person benefitting from a waiver under Article 9 of that Directive, which participates in a system whose business consists of the execution of transfer orders as defined in point (i), first indent, and which is responsible for discharging the financial obligations arising from such transfer orders within that system.
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27/06/2019 – 08/04/2024 Article 2, Directive 98/26/EC Scope: Whole act
‘institution’ shall mean: a credit institution as defined in Article 4(1) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) ( 1 ) including the institutions listed in Article 2 of that Directive, an investment firm as defined in Article 4(1)(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments ( 2 ), excluding the institutions set out in Article 2(1) thereof, public authorities and publicly guaranteed undertakings, or any undertaking whose head office is outside the Community and whose functions correspond to those of the Community credit institutions or investment firms as defined in the first and second indent,
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30/06/2009 – 27/06/2019 Article 2, Directive 98/26/EC Scope: Whole act
‘institution’ shall mean: a credit institution as defined in Article 4(1) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (^{5}) including the institutions listed in Article 2 of that Directive, an investment firm as defined in Article 4(1)(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments (^{6}), excluding the institutions set out in Article 2(1) thereof, public authorities and publicly guaranteed undertakings, or any undertaking whose head office is outside the Community and whose functions correspond to those of the Community credit institutions or investment firms as defined in the first and second indent,
Used in (18 places in 5 provisions on 12/11/2026)
Directive 98/26/EC (18 in 5)
Recital 52 · Recital 7 · Article 213 · Article 10 · Article 12a