Art. 3

in force 2019-01-01 MODIFIED+72 −44§

Amended by Regulation (EU) 2017/2402 32017R2402 · Regulation (EU) No 462/2013 32013R0462

applies from: unchanged

Point (l) renames the term previously called "structured finance instrument" to "securitisation instrument".

The definition's cross-reference also changes from Article 4(36) of Directive 2006/48/EC to Article 2(1) of Regulation (EU) 2017/2402, the Securitisation Regulation.

Cited: Art. 3, v1 · Art. 3, v2

in force 2015-06-21 MODIFIED§

Amended by Regulation (EU) No 462/2013 32013R0462

applies from: unknown

Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.

No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.

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in force 2013-06-20 MODIFIED§

Amended by Regulation (EU) No 462/2013 32013R0462

applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)

dates added to the text: 2005-10-26, 2009-07-13, 2009-11-25, 2011-06-08, 2012-07-04

Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

The definition of regulatory purposes in point (g) now refers to compliance with Union law directly, or with Union law as implemented by national legislation, replacing the earlier reference to Community law as implemented by national legislation.

Point (m) now refers to a group of undertakings established in the Union rather than in the Community, and a series of new points (pa) through (pj) are added defining terms such as credit institution, investment firm, insurance undertaking, reinsurance undertaking, institution for occupational retirement provision, management company, investment company, alternative investment fund manager, central counterparty and prospectus, with points (q) and (r) updated to reference these new points and points (s) through (aa) added defining issuer, originator, sponsor, sovereign rating, rating outlook, unsolicited credit rating and unsolicited sovereign rating, credit score, regulated market and re-securitisation.

A new paragraph 3 is added defining the term shareholder as including beneficial owners as defined in point (6) of Article 3 of Directive 2005/60/EC.

Cited: Art. 3, v2 · Art. 3, v1

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in force 2011-06-01 MODIFIED§

Amended by Regulation (EU) No 513/2011 32011R0513

applies from: unchanged

Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.

The list of definitions in Article 3(1) gains three new points after point (o): a definition of competent authorities as the authorities designated by each Member State under Article 22, a definition of sectoral legislation referring to the legal acts of the Union mentioned in the first subparagraph of Article 4(1), and a definition of sectoral competent authorities describing national authorities designated under relevant sectoral legislation for supervising credit institutions, investment firms, insurance, assurance and reinsurance undertakings, UCITS, occupational retirement institutions and alternative investment funds.

The prior version of Article 3(1) ended with point (o) on credit rating activities and contained no such points (p) through (r).

Cited: Art. 3, v2 · Art. 3, v1

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