Art. 3

in force 2019-01-01 MODIFIED+72 −44§

Amended by Regulation (EU) 2017/2402 32017R2402 · Regulation (EU) No 462/2013 32013R0462

applies from: unchanged

The defined term in point (l) is renamed from 'structured finance instrument' to 'securitisation instrument'.

The cross-reference for that definition changes from Article 4(36) of Directive 2006/48/EC to Article 2(1) of Regulation (EU) 2017/2402, referred to as the Securitisation Regulation.

Cited: Art. 3, v1 · Art. 3, v2

in force 2015-06-21 MODIFIED§

Amended by Regulation (EU) No 462/2013 32013R0462

applies from: unknown

Sources disagree, and there is no text on either side — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships marked disputed.

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in force 2013-06-20 MODIFIED§

Amended by Regulation (EU) No 462/2013 32013R0462

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2005-10-26, 2009-07-13, 2009-11-25, 2011-06-08, 2012-07-04

Sources disagree about what is listed, not about the text — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

The definition of regulatory purposes was reworded to refer to compliance with Union law, or with Union law as implemented by national legislation, rather than Community law implemented by national legislation, and the group of credit rating agencies definition now refers to undertakings established in the Union instead of the Community.

A new set of definitions, points (pa) through (pj), was inserted covering terms such as credit institution, investment firm, insurance undertaking, reinsurance undertaking, institution for occupational retirement provision, management company, investment company, alternative investment fund manager, central counterparty and prospectus, and the definitions of sectoral legislation and sectoral competent authorities were rewritten to reference these new points and additional entity types.

Further new definitions were added as points (s) through (aa) covering issuer, originator, sponsor, sovereign rating, rating outlook, unsolicited credit rating and unsolicited sovereign rating, credit score, regulated market and re-securitisation, and a new paragraph 3 was added defining shareholder to include beneficial owners as defined in Directive 2005/60/EC.

Cited: Art. 3, v1 · Art. 3, v2

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in force 2011-06-01 MODIFIED§

Amended by Regulation (EU) No 513/2011 32011R0513

applies from: unchanged

Sources disagree about what is listed, not about the text — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

The definition list in point (1) now ends point (o) with a semicolon instead of a full stop and adds three new definitions.

The new points define competent authorities as the authorities designated by each Member State under Article 22, sectoral legislation as the Union legal acts referred to in the first subparagraph of Article 4(1), and sectoral competent authorities as the national competent authorities designated under the relevant sectoral legislation for supervising credit institutions, investment firms, insurance, assurance and reinsurance undertakings, UCITS, institutions for occupational retirement provision and alternative investment funds.

The earlier text contained only points (a) through (o) with no such additional definitions.

Cited: Art. 3, v2 · Art. 3, v1

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