Version status: Entered into force | Document consolidation status: No known changes
Version date: 27 June 2019 - onwards
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Article 1 Amendments to Directive 2014/59/EU

Directive 2014/59/EU is amended as follows:

(1) Article 2(1) is amended as follows:

(a) point (5) is replaced by the following:

‘(5) "subsidiary" means a subsidiary as defined in point (16) of Article 4(1) of Regulation (EU) No 575/2013, and for the purpose of applying Articles 7, 12, 17, 18, 45 to 45m, 59 to 62, 91 and 92 of this Directive to resolution groups referred to in point (b) of point (83b) of this paragraph, includes, where and as appropriate, credit institutions that are permanently affiliated to a central body, the central body itself, and their respective subsidiaries, taking into account the way in which such resolution groups comply with Article 45e(3) of this Directive;

(5a) "material subsidiary" means a material subsidiary as defined in point (135) of Article 4(1) of Regulation (EU) No 575/2013;’;

(b) the following point is inserted:

‘(68a) "Common Equity Tier 1 capital" means Common Equity Tier 1 capital as calculated in accordance with Article 50 of Regulation