institution

Defined in Article 391, Capital Requirements Regulation (CRR)

Uses as of 28/06/2013

Definitions over time (3)

1. 29/06/2021 – today Article 391, Capital Requirements Regulation (CRR) Scope: Part IV

   For the purposes of calculating the value of exposures in accordance with this Part the term ‘institution’ shall include a private or public undertaking, including its branches, which, were it established in the Union, would fulfil the definition of the term ‘institution’ and has been authorised in a third country that applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union.

2. 27/06/2019 – 29/06/2021 Article 391, Capital Requirements Regulation (CRR) Scope: Part IV

   For the purposes of calculating the value of exposures in accordance with this Part the term ‘institution’ shall include a private or public undertaking, including its branches, which, were it established in the Union, would fulfil the definition of the term ‘institution’ and has been authorised in a third country that applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union. For the purposes of the first paragraph, the Commission may adopt, by means of implementing acts, and subject to the examination procedure referred to in Article 464(2), decisions as to whether a third country applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union.

3. 28/06/2013 – 27/06/2019 applies on 28/06/2013 Article 391, Capital Requirements Regulation (CRR) Scope: Part IV

   For the purposes of calculating the value of exposures in accordance with this Part the term ‘institution’ shall include a private or public undertaking, including its branches, which, were it established in the Union, would fulfil the definition of the term ‘institution’ and has been authorised in a third country that applies prudential supervisory and regulatory requirements at least equivalent to those applied in the Union.

Used in (94 places in 15 provisions on 28/06/2013)

Capital Requirements Regulation (CRR) (94 in 15)

Article 387 · Article 388 · Article 390⁷ · Article 391² · Article 392 · Article 393 · Article 394⁷ · Article 395¹⁹ · Article 396⁵ · Article 398² · Article 399³ · Article 400²⁰ · Article 401⁹ · Article 402¹² · Article 403⁴