Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 27 June 2019 - onwards
  Version 4 of 4    

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 (2) of Article 4(1) of Regulation (EU) No 575/2013 that is subject to the initial capital requirement laid down in Article 28(2) of Directive 2013/36/EU;

(4) "financial institution" means a financial institution as defined in point (26) of Article 4(1) of Regulation (EU) No 575/2013;

(5) "subsidiary" means a subsidiary as defined in point (16) of Article 4(1) of Regulation (EU