Glossary

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Term Definition Legal instruments

extraordinary public financial support

31/12/2020

THIS DEFINITION ONLY APPLIES TO THE NOTIFICATIONS PART

The changes to this defined term are effective from 23:00 on 31/12/2020.
 
means, support of a kind described in section 3(1) of the Banking Act 2009 that is provided in order to preserve or restore the viability, liquidity or solvency of a BRRD undertaking or of a group of which a BRRD undertaking forms part.