sale of business tool
Defined in Article 3, Single Resolution Mechanism (SRMR)
Uses as of 19/08/2014
Definitions over time (1)
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19/08/2014 – 28/12/2020 applies on 19/08/2014 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)
Each has its own scope, dates and uses. Open one to see when it applies.
Used in (16 places in 11 provisions on 19/08/2014)
Single Resolution Mechanism (SRMR) (16 in 11)
Recital 66 · Recital 70 · Recital 712 · Article 3 · Article 15 · Article 20 · Article 22 · Article 244 · Article 272 · Article 76 · Article 79