Art. 3
Single Resolution Mechanism Regulation · 32014R0806 · every event for this act · on EUR-Lex
Definitions
4 changes recorded across 4 events, newest first.
in force 2026-06-11 MODIFIED+78 −23§
Amended by Regulation (EU) 2026/808 32026R0808
applies from: unchanged
The definition of resolution entity in point (24a) of Article 3(1) changes the identifier of the entity from the Board alone to the Board or the national resolution authority, and rephrases the identification as being made 'in accordance with Article 8 of this Regulation' rather than by reference to 'Article 8' generically.
Cited: Art. 3, v1 · Art. 3, v2
text before / after
02014R0806-20251110 → 02014R0806-20260611
Article 3
Definitions
1. For the purposes of this Regulation the following definitions apply:
(1) national competent authority means any national competent authority as defined in Article 2(2) of Regulation (EU) No 1024/2013;
(2) competent authority means a competent authority as defined in Article … 466 unchanged words … as referred to in Article 2;
(24) cross-border group means a group that has entities as referred to in Article 2 established in more than one participating Member State;
(24a) resolution entity means a legal person established in a participating Member State, which, which the Board or the national resolution authority, in accordance with Article 8, is 8 of this Regulation, has identified by the Board as an entity in respect of which the resolution plan provides for resolution action;
(24aa) liquidation entity means a legal person established in a participating Member State in respect of which the group resolution plan or, for entities that are not … 1,098 unchanged words … referred to in Article 2 of Directive 2014/59/EU apply. In the absence of a relevant definition in paragraph 1 of this Article or in Article 2 of Directive 2014/59/EU, the definitions referred to in Article 3 of Directive 2013/36/EU apply.
in force 2024-11-14 MODIFIED§
Amended by Directive (EU) 2024/1174 32024L1174
applies from: unchanged
A new definition, point (24aa), has been inserted between existing points (24a) and (24b), introducing the term 'liquidation entity' and describing it as a legal person established in a participating Member State for which the group resolution plan, or in the case of entities not part of a group the resolution plan, provides for winding up under normal insolvency proceedings, or as an entity within a resolution group other than a resolution entity for which the group resolution plan does not provide for exercise of write-down and conversion powers.
No other definitions in Article 3 were altered between the two versions.
Cited: Art. 3, v2 · Art. 3, v1
text before / after, on the event page →
in force 2024-05-13 MODIFIED§
Amended by Directive (EU) 2024/1174 32024L1174
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 2020-12-28 MODIFIED§
Amended by Regulation (EU) 2019/877 32019R0877
applies from: unchanged
The definition of subsidiary in point (21) is expanded to also cover, for certain listed articles applied to resolution groups, credit institutions permanently affiliated to a central body, that central body itself, and their subsidiaries, and new points (21a) and (24c) add definitions of material subsidiary and global systemically important institution.
New points (24a) and (24b) introduce definitions of resolution entity and resolution group, and a new point (45a) adds a definition of Common Equity Tier 1 capital.
Point (48) now refers to bail-inable liabilities instead of eligible liabilities, point (49) renames and redefines that term as bail-inable liabilities, and new points (49a) and (49b) add definitions of eligible liabilities and subordinated eligible instruments, while a new point (55) adds a definition of combined buffer requirement referencing Directive 2013/36/EU; these additions and changes did not appear in the earlier version of Article 3.
Cited: Art. 3, v2 · Art. 3, v1
text before / after, on the event page →