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Application provision

1.1 Unless otherwise stated, this Part applies to a BRRD undertaking.

1.1

19/01/2015

Unless otherwise stated, this Part applies to a BRRD undertaking.

1.2

01/07/2015

In this Part, the following definitions shall apply:

means a public authority or body officially recognised by national law which is empowered by national law to supervise institutions as part of the supervisory system in operation in the EEA State concerned or the European Central Bank with regard to the specific tasks conferred on it by Article 4 of Council Regulation (EU) No. 1024/2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions.

means a competent authority responsible under the CRD for the exercise of supervision on a consolidated basis of:
 
means the resolution authority in the EEA State in which the EEA consolidating supervisor is situated.

means a document containing the information necessary to draw up and implement a group resolution plan.

means a plan for the resolution of a group drawn up in accordance with Articles 12 and 13 of the BRRD.

means a financial holding company which is not itself a subsidiary of an institution authorised in the same EEA State, or of a financial holding company or mixed financial holding company set up in the same EEA State.

means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same EEA State, or of a financial holding company or mixed financial holding company set up in the same EEA State.

means an institution authorised in an EEA State which has an institution or financial institution as subsidiary or which holds a participation in such an institution or financial institution, and which is not itself a subsidiary of another institutions authorised in the same EEA State or of a financial holding company or mixed financial holding company set up in the same EEA State.

means an authority designated by an EEA State in accordance with Article 3 of the BRRD.

means a document containing the information necessary to draw up and implement a resolution plan.

means a resolution plan for a firm drawn up by the Bank of England in accordance with Article 37 of The Bank Recovery and Resolution (No. 2) Order 2014. 

1.3

19/01/2015

Unless otherwise defined, any italicised expression used in this Part and in the CRR has the same meaning as in the CRR.