reorganisation measures

Uses as of 01/06/2012

Definitions over time (2)

02/07/2014 – today Article 2, Directive 2001/24/EC Scope: Whole act

‘reorganisation measures’ shall mean measures which are intended to preserve or restore the financial situation of a credit institution or an investment firm as defined in Article 4(1), point (2) of Regulation (EU) No 575/2013 and which could affect third parties’ pre-existing rights, including measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims; those measures include the application of the resolution tools and the exercise of resolution powers provided for in Directive 2014/59/EU;
05/05/2001 – 02/07/2014 applies on 01/06/2012 Article 2, Directive 2001/24/EC Scope: Whole act

- "reorganisation measures" shall mean measures which are intended to preserve or restore the financial situation of a credit institution and which could affect third parties' pre-existing rights, including measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims;