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Term Definition Legal instruments

Article 1(1)(b) entity

19/01/2015

THIS DEFINITION ONLY APPLIES TO THE RECOVERY PLANS PART

means a financial institution that is established in an EEA State when the financial institution is a subsidiary of a credit institution or investment firm, or of an Article 1(1)(c) entity or an Article 1(1)(d) entity, and is covered by the supervision of the parent undertaking on a consolidated basis in accordance with Articles 6 to 17 of CRR.

Instruments