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Version date: 18 April 2023 - 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) the following point (29a) is inserted:

'(29a) 'alternative private sector measure' means any support not qualifying as extraordinary public financial support;';

(b) point (35) is replaced by the following:

'(35) 'critical functions' means activities, services or operations the discontinuance of which is likely in one or more Member States to lead to the disruption of services that are essential to the real economy or to disrupt financial stability at national or regional level, due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;';

(c) point (71) is replaced by the following:

'(71) 'bail-inable liabilities' means the liabilities, including those giving rise to accounting provisions, and capital instruments that do not qualif

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