corrective measure

Defined in Article 2, Regulation (EU) No 795/2014 of the ECB

Definitions over time (1)

1. 06/12/2017 – today applies on 12/11/2026 Article 2, Regulation (EU) No 795/2014 of the ECB Scope: Whole act

   ‘corrective measure’ means a specific measure or action, regardless of its form, duration or gravity, that is imposed on a SIPS operator by a competent authority to remedy, or avoid a repetition of, non-compliance with the requirements of Articles 3 to 21.

Used in (7 places in 3 provisions on 12/11/2026)

Regulation (EU) No 795/2014 of the ECB (7 in 3)

Recital 18 · Article 2 · Article 22⁵