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Version status: Entered into force | Document consolidation status: No known changes
Version date: 18 February 2019 - onwards
Version 2 of 2

Article 2 Definitions

For the purposes of this Decision, the following definitions shall apply:

(1) "assessment team" means the team of experts of the ESRB responsible for performing an assessment and drafting a response to a request for consultation, which is a substructure of the Advisory Technical Committee;

(2) "Darwin" means the internal document management system of the ESRB;

(3) "ECB working day" means any day other than a Saturday, a Sunday or a public holiday in the ECB;

(4) "insurance undertaking" means an insurance undertaking as defined in Article 13 of Directive 2009/138/EC;

(5) "recovery period" means, in respect of an affected undertaking, the period referred to in Article 138(4) of Directive 2009/138/EC within which that undertaking must achieve the re-establishment of its level of eligible own funds covering the Solvency Capital Requirement or the reduction of its risk profile to ensure compliance with the Solvency Capital Requirement;