Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 7 January 2020 - onwards
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Article 2 Definitions

1. For the purposes of this Directive the following definitions apply:

(1) "resolution" means the application of a resolution tool or a tool referred to in Article 37(9) in order to achieve one or more of the resolution objectives referred to in Article 31(2);

(2) "credit institution" means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013, not including the entities referred to in Article 2(5) of Directive 2013/36/EU

(3) "investment firm" means an investment firm as defined in point (22) of Article 4(1) of Regulation (EU) 2019/2033 of the European Parliament and of the Council [Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019 on the prudential requirements of investment firms and amending Regulations (EU) No 1093/2010, (EU) No 575/2013, (EU) No 600/2014 and (EU) No 806/2014 (OJ L 314, 5.12.2019, p. 1).] which is subject to the initial capital requirement laid down in Article 9(1) of Directive (EU) 201