special administrator

Defined in Article 3, Directive (EU) 2019/2162

Definitions over time (1)

1. 09/01/2024 – today applies on 10/11/2026 Article 3, Directive (EU) 2019/2162 Scope: Whole act

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

   ‘special administrator’ means the person or entity appointed to administrate a covered bond programme in the event of the insolvency of a credit institution issuing covered bonds under that programme, or when such credit institution has been determined to be failing or likely to fail pursuant to Article 32(1) of Directive 2014/59/EU or, in exceptional circumstances, where the relevant competent authority determines that the proper functioning of that credit institution is seriously at risk;

Used in (12 places in 4 provisions on 10/11/2026)

Directive (EU) 2019/2162 (12 in 4)

Recital 30³ · Article 3 · Article 17 · Article 20⁷