sale of business tool
Definitions over time (1)
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19/08/2014 – 28/12/2020 Article 3, Single Resolution Mechanism (SRMR) Scope: Whole act
1. For the purposes of this Regulation the following definitions apply:
‘sale of business tool’ means the mechanism for effecting a transfer by a resolution authority of instruments of ownership issued by an institution under resolution, or assets, rights or liabilities of an institution under resolution, to a purchaser that is not a bridge institution, in accordance with Article 24;
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
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