write-down or conversion tool

Defined in Article 2, Directive (EU) 2025/1 (IRRD)

Definitions over time (1)

1. 28/01/2025 – today applies on 12/11/2026 Article 2, Directive (EU) 2025/1 (IRRD) Scope: Whole act

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

   ‘write-down or conversion tool’ means the mechanism for effecting the exercise by a resolution authority of the write-down or conversion powers in relation to liabilities of an undertaking under resolution in accordance with Article 35;

Used in (45 places in 22 provisions on 12/11/2026)

Directive (EU) 2025/1 (IRRD) (45 in 22)

Recital 39 · Recital 54 · Recital 55 · Recital 56 · Recital 57⁶ · Recital 58 · Recital 59 · Recital 60² · Recital 61 · Recital 62² · Recital 83 · Article 2³ · Article 26 · Article 35¹² · Article 36² · Article 37 · Article 38² · Article 39² · Article 40 · Article 41 · Article 51 · Article 55