Version in force , Modified +102 −28§
Amended by Regulation (EU) 2019/2176 32019R2176 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The definition of systemic risk changes what the disrupted financial system's potential negative consequences are described as affecting, replacing the reference to serious negative consequences for the internal market and the real economy with a reference to serious negative consequences for the real economy of the Union or of one or more of its Member States and for the functioning of the internal market.
Cited: Art. 2, v1 (external, EUR-Lex) · Art. 2, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version 32010R1092 → this version, in force 30 December 2019 02010R1092-20191230
Article 2
Definitions
For the purpose of this Regulation, the following definitions shall apply:
(a) financial institution means any undertaking that falls within the scope of the legislation referred to in Article 1(2) of Regulation (EU) No 1093/2010, of Regulation (EU) No 1094/2010 and of Regulation (EU) No 1095/2010, as well as any other undertaking or entity in the Union whose main business is of a similar nature;
(b) financial system means all financial institutions, markets, products and market infrastructures;
(c) systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the real economy of the Union or of one or more of its Member States and for the functioning of the internal market and the real economy. market. All types of financial intermediaries, markets and infrastructure may be potentially systemically important to some degree.