special administrator

Definitions over time (1)

07/01/2020 – 09/01/2024 Article 3, Directive (EU) 2019/2162 Scope: Whole act

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

‘special administrator’ means the person or entity appointed to administrate a covered bond programme in the event of the insolvency of a credit institution issuing covered bonds under that programme, or when such credit institution has been determined to be failing or likely to fail pursuant to Article 32(1) of Directive 2014/59/EU or, in exceptional circumstances, where the relevant competent authority determines that the proper functioning of that credit institution is seriously at risk;

Each has its own scope, dates and uses. Open one to see when it applies.

No text uses this concept on 12/11/2026.