Directive 2013/36/EU

means ancillary services undertaking as defined in point (18) of Article 4(1) of Regulation (EU) No 575/2013;

means asset management company as defined in point (19) of Article 4(1) of Regulation (EU) No 575/2013;

means authorisation as defined in point (42) of Article 4(1) of Regulation (EU) No 575/2013;

means branch as defined in point (17) of Article 4(1) of Regulation (EU) No 575/2013;

means a benchmark buffer rate calculated in accordance with Article 135(1).

means the own funds that an institution is required to maintain in accordance with Article 129;

means central banks as defined in point (46) of Article 4(1) of Regulation (EU) No 575/2013;

means central counterparty as defined in point (34) of Article 4(1) of Regulation (EU) No 575/2013;

means the person with overall responsibility for the financial resources management, financial planning and financial reporting of an institution;

means the overall objective of achieving climate neutrality by 2050 as set out in Article 2(1) of Regulation (EU) 2021/1119 of the European Parliament and of the Council;

means close links as defined in point (38) of Article 4(1) of Regulation (EU) No 575/2013;

means the total Common Equity Tier 1 capital required to meet the requirement for the capital conservation buffer extended by the following, as applicable:

means competent authority as defined in point (40) of Article 4(1) of Regulation (EU) No 575/2013;

means consolidated basis as defined in point (48) of Article 4(1) of Regulation (EU) No 575/2013;

means consolidated situation as defined in point (47) of Article 4(1) of Regulation (EU) No 575/2013;

means consolidating supervisor as defined in point (41) of Article 4(1) of Regulation (EU) No 575/2013;

means control as defined in point (37) of Article 4(1) of Regulation (EU) No 575/2013;

means the rate that institutions must apply in order to calculate their institution-specific countercyclical capital buffer, and that is set in accordance with Article 136, Article 137 or by a relevant third-country authority, as the case may be;

means credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

means credit risk mitigation as defined in point (57) of Article 4(1) of Regulation (EU) No 575/2013;

means a crypto-asset as defined in Article 3(1), point (5), of Regulation (EU) 2023/1114 of the European Parliament and of the Council that is not a central bank digital currency.

means discretionary pension benefits as defined in point (73) of Article 4(1) of Regulation (EU) No 575/2013;

means any of the following:

means an institution that has been authorised in the Member State for which a particular designated authority is responsible for setting the countercyclical buffer rate;

means eligible capital as defined in Article 4(1), point (71), of Regulation (EU) No 575/2013;

means external credit assessment institution as defined in point (98) of Article 4(1) of Regulation (EU) No 575/2013;

means financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

means financial institution as defined in point (26) of Article 4(1) of Regulation (EU) No 575/2013;

means financial instrument as defined in point (50) of Article 4(1) of Regulation (EU) No 575/2013;

means financial sector entity as defined in point (27) of Article 4(1) of Regulation (EU) No 575/2013;

means a remuneration policy based on equal pay for male and female workers for equal work or work of equal value;

means a group as defined in point (138) of Article 4(1) of Regulation (EU) No 575/2013;

means the persons at the highest hierarchical level responsible for effectively managing the day-to-day operation of the internal control functions of an institution;

means home Member State as defined in point (43) of Article 4(1) of Regulation (EU) No 575/2013;

means host Member State as defined in point (44) of Article 4(1) of Regulation (EU) No 575/2013;

means institution as defined in point (3) of Article 4(1) of Regulation (EU) No 575/2013;

means the own funds that an institution is required to maintain in accordance with Article 130;

means insurance undertaking as defined in point (5) of Article 4(1) of Regulation (EU) No 575/2013;

means the internal ratings based approach referred to in Article 143(1), the internal model approach referred to in Article 221, the internal model method referred to in Article 283, the alternative internal model approach referred to in Article 325az, and the internal assessment approach referred to in Article 265(2), of Regulation (EU) No 575/2013;

means risk management, compliance and internal audit functions;

means investment firm as defined in point (2) of Article 4(1) of Regulation (EU) No 575/2013;

means the persons who have significant influence over the direction of an institution but are not members of the management body, including the heads of internal control functions and the chief financial officer, where those heads or that officer are not members of the management body;

means large institution as defined in Article 4(1), point (146), of Regulation (EU) No 575/2013;

means leverage as defined in point (93) of Article 4(1) of Regulation (EU) No 575/2013;

means local firm as defined in point (4) of Article 4(1) of Regulation (EU) No 575/2013;

means an institution’s body or bodies, which are appointed in accordance with national law, which are empowered to set the institution’s strategy, objectives and overall direction, and which oversee and monitor management decision-making, and include the persons who effectively direct the business of the institution;

means the management body acting in its role of directing an institution and includes the persons who effectively direct the business of the institution;

means the management body acting in its role of overseeing and monitoring management decision-making;

means any of the following operations whereby:

means mixed activity holding company as defined in point (22) of Article 4(1) of Regulation (EU) No 575/2013;

means mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

means model risk as defined in Article 4(1), point (52b), of Regulation (EU) No 575/2013;

means a non-EU G-SII as defined in point (134) of Article 4(1) of Regulation (EU) No 575/2013;

means operational risk as defined in point (52) of Article 4(1) of Regulation (EU) No 575/2013;

means originator as defined in point (13) of Article 4(1) of Regulation (EU) No 575/2013;

means own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013;

means parent financial holding company in a Member State as defined in point (30) of Article 4(1) of Regulation (EU) No 575/2013;

means parent institution in a Member State as defined in point (28) of Article 4(1) of Regulation (EU) No 575/2013;

means parent mixed financial holding company in a Member State as defined in point (32) of Article 4(1) of Regulation (EU) No 575/2013;

means parent undertaking as defined in point (15) of Article 4(1) of Regulation (EU) No 575/2013;

means participation as defined in point (35) of Article 4(1) of Regulation (EU) No 575/2013;

means a periodic pecuniary enforcement measure aimed at ending ongoing breaches of national provisions transposing this Directive, breaches of Regulation (EU) No 575/2013 or breaches of decisions taken by a competent authority on the basis of those provisions or that Regulation and compelling the natural or legal person to return to compliance with the infringed provisions or decisions;

means qualifying holding as defined in point (36) of Article 4(1) of Regulation (EU) No 575/2013;

means regulated market as defined in point (92) of Article 4(1) of Regulation (EU) No 575/2013;

means reinsurance undertaking as defined in point (6) of Article 4(1) of Regulation (EU) No 575/2013;

means a resolution authority as defined in point (18) of Article 2(1) of Directive 2014/59/EU of the European Parliament and of the Council;

means risk of excessive leverage as defined in point (94) of Article 4(1) of Regulation (EU) No 575/2013;

means securitisation as defined in point (61) of Article 4(1) of Regulation (EU) No 575/2013;

means securitisation position as defined in point (62) of Article 4(1) of Regulation (EU) No 575/2013;

means securitisation special purpose entity as defined in point (66) of Article 4(1) of Regulation (EU) No 575/2013;

means those natural persons who exercise executive functions within an institution and are directly accountable to the management body but are not members of that body, and who are responsible for the day-to-day management of the institution under the direction of the management body;

means sponsor as defined in point (14) of Article 4(1) of Regulation (EU) No 575/2013;

means an institution that is not subject to prudential consolidation in the Union pursuant to Part One, Title II, Chapter 2, of Regulation (EU) No 575/2013, and that has no EU parent undertaking subject to such prudential consolidation;

means sub-consolidated basis as defined in point (49) of Article 4(1) of Regulation (EU) No 575/2013;

means subsidiary as defined in point (16) of Article 4(1) of Regulation (EU) No 575/2013;

means the powers referred to in Article 104(1) or the power to specify modelling and parametric assumptions, other than those identified by EBA pursuant to point (b) of paragraph 5a of this Article, to be reflected by institutions in their calculation of the economic value of equity under Article 84(1).

means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;

means the own funds that an institution is or may be required to maintain in accordance with Article 133;

means an EU parent institution, an EU parent financial holding company, an EU parent mixed financial holding company or an institution the failure or malfunction of which could lead to systemic risk;

means a group of which the parent undertaking is established in a third country;

means trading as defined in point (86) of Article 4(1) of Regulation (EU) No 575/2013;