Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions (c. 24)

TITLE IU.K.SCOPE AND DEFINITIONS

[F1Article 2 U.K. Definitions

For the purposes of this Directive:

‘ home Member State ’ shall mean a home Member State as defined in Article 4(1)(43) of Regulation (EU) No 575/2013;
‘ host Member State ’ shall mean a host Member State as defined in Article 4(1)(44) of Regulation (EU) No 575/2013;
‘ branch ’ shall mean a branch as defined in Article 4(1)(17) of Regulation (EU) No 575/2013;
‘ competent authority ’ shall mean a competent authority as defined in Article 4(1)(40) of Regulation (EU) No 575/2013 or a resolution authority within the meaning of Article 2(1)(18) of Directive 2014/59/EU in respect of reorganisation measures taken pursuant to that Directive;
‘ administrator ’ shall mean any person or body appointed by the administrative or judicial authorities whose task is to administer reorganisation measures;
‘ administrative or judicial authorities ’ shall mean such administrative or judicial authorities of the Member States as are competent for the purposes of reorganisation measures or winding-up proceedings;
‘ reorganisation measures ’ shall mean measures which are intended to preserve or restore the financial situation of a credit institution or an investment firm as defined in Article 4(1), point (2) of Regulation (EU) No 575/2013 and which could affect third parties’ pre-existing rights, including measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims; those measures include the application of the resolution tools and the exercise of resolution powers provided for in Directive 2014/59/EU;
‘ liquidator ’ shall mean any person or body appointed by the administrative or judicial authorities whose task is to administer winding-up proceedings;
‘ winding-up proceedings ’ shall mean collective proceedings opened and monitored by the administrative or judicial authorities of a Member State with the aim of realising assets under the supervision of those authorities, including where the proceedings are terminated by a composition or other, similar measure;
‘regulated market’ shall mean a regulated market as defined in Article 4(1), point (21) of Directive 2014/65/EU of the European Parliament and of the Council (1) ;
‘ instrument ’ shall mean a financial instrument as defined in Article 4(1), point (50)(b) of Regulation (EU) No 575/2013.]

Textual Amendments

F1 Substituted by Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (Text with EEA relevance).

(1)

[F1Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU ( OJ L 173, 12.6.2014, p. 349 ).]

Textual Amendments