Glossary

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Term Definition Legal instruments

management body

19/01/2015

THIS DEFINITION ONLY APPLIES TO THE GROUP FINANCIAL SUPPORT PART

means a BRRD undertaking’s body or bodies, which are appointed in accordance with national law, which are empowered to set the BRRD undertaking’s strategy, objectives and overall direction, and which oversee and monitor management decision-making, and include the persons who effectively direct the business of the BRRD undertaking.