Definitions
Amendment details· last amended 2 Jul 2014
Last amended 2 Jul 2014 by Directive 2014/59/EU of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and.
For the purposes of this Regulation the following definitions apply:
‘financial institutions’ means ‘credit institutions’ as defined in Article 4(1) (opens EUR-Lex in a new tab) of Directive 2006/48/EC (opens EUR-Lex in a new tab), ‘investment firms’ as defined in Article 3(1)(b) (opens EUR-Lex in a new tab) of Directive 2006/49/EC (opens EUR-Lex in a new tab), and ‘financial conglomerates’ as defined in Article 2(14) of Directive 2002/87/EC, save that, with regard to Directive 2005/60/EC (opens EUR-Lex in a new tab), ‘financial institutions’ means credit institutions and financial institutions as defined in Article 3(1) (opens EUR-Lex in a new tab) and (2) (opens EUR-Lex in a new tab) of that Directive;
‘competent authority’ means:
competent authority as defined in Article 4(1)(40) of Regulation (EU) No 575/2013, and within the meaning of Directives 2007/64/EC and 2009/110/EC;
with regard to Directives 2002/65/EC and 2005/60/EC, the authorities competent for ensuring compliance with the requirements of those Directives by credit and financial institutions;
with regard to Directive 2014/49/EU of the European Parliament and of the Council ((43)), a designated authority as defined in Article 2(1)(18) of that Directive;
with regard to Directive 2014/59/EU of the European Parliament and of the Council ((44)), a resolution authority as defined in Article 2(1)(18) of that Directive.