Art. 3
Single Resolution Mechanism Regulation · 32014R0806 · every event for this act · on EUR-Lex
Definitions
3 changes recorded across 3 events, newest first.
in force 2026-06-11 MODIFIED+78 −23§
Amended by Regulation (EU) 2026/808 32026R0808
applies from: unchanged
The definition of resolution entity now identifies the entity making the identification as the Board or the national resolution authority acting in accordance with Article 8 of the Regulation, whereas previously it referred only to identification by the Board.
Cited: Art. 3, v2 · Art. 3, v1
text before / after
02014R0806-20251110 → 02014R0806-20260611
Article 3
Definitions
1. For the purposes of this Regulation the following definitions apply:
(1) national competent authority means any national competent authority as defined in Article 2(2) of Regulation (EU) No 1024/2013;
(2) competent authority means a competent authority as defined in Article … 466 unchanged words … as referred to in Article 2;
(24) cross-border group means a group that has entities as referred to in Article 2 established in more than one participating Member State;
(24a) resolution entity means a legal person established in a participating Member State, which, which the Board or the national resolution authority, in accordance with Article 8, is 8 of this Regulation, has identified by the Board as an entity in respect of which the resolution plan provides for resolution action;
(24aa) liquidation entity means a legal person established in a participating Member State in respect of which the group resolution plan or, for entities that are not … 1,098 unchanged words … referred to in Article 2 of Directive 2014/59/EU apply. In the absence of a relevant definition in paragraph 1 of this Article or in Article 2 of Directive 2014/59/EU, the definitions referred to in Article 3 of Directive 2013/36/EU apply.
in force 2024-11-14 MODIFIED§
Amended by Directive (EU) 2024/1174 32024L1174
applies from: unchanged
A new definition, point (24aa) for 'liquidation entity', has been inserted into the list of definitions.
This definition describes a legal person established in a participating Member State whose group resolution plan, or resolution plan if it is not part of a group, provides for it to be wound up under normal insolvency proceedings, or an entity within a resolution group, other than a resolution entity, for which the group resolution plan does not provide for the exercise of write-down and conversion powers.
No such definition existed in the earlier version of Article 3.
Cited: Art. 3, v2 · Art. 3, v1
text before / after, on the event page →
in force 2020-12-28 MODIFIED§
Amended by Regulation (EU) 2019/877 32019R0877
applies from: unchanged
The definition of subsidiary in point (21) has been expanded to reference point (16) of Article 4(1) of Regulation (EU) No 575/2013 and to add treatment of credit institutions permanently affiliated to a central body and the central body itself for the purposes of certain articles applying to resolution groups, and new points (21a), (24a), (24b), (24c) and (45a) have been inserted defining material subsidiary, resolution entity, resolution group, global systemically important institution (G-SII) and Common Equity Tier 1 capital.
Point (48) now refers to bail-inable liabilities rather than eligible liabilities, and point (49) redefines bail-inable liabilities in place of the former eligible liabilities wording, while new points (49a) and (49b) introduce definitions of eligible liabilities and subordinated eligible instruments that were not present before.
A new point (55) has been added defining combined buffer requirement by reference to point (6) of Article 128 of Directive 2013/36/EU, a definition absent from the earlier text.
Cited: Art. 3, v2 · Art. 3, v1
text before / after, on the event page →