Article 1, Point (1), Point (e) · Directive (EU) 2019/879

Contents

(e)the following points are inserted:

(a)a legal person established in the Union, which, in accordance with Article 12, is identified by the resolution authority as an entity in respect of which the resolution plan provides for resolution action; or

(b)an institution that is not part of a group that is subject to consolidated supervision pursuant to Articles 111 and 112 of Directive 2013/36/EU, in respect of which the resolution plan drawn up pursuant to Article 10 of this Directive provides for resolution action;

(83b)“resolution group” means:

(a)a resolution entity and its subsidiaries that are not:

(i)resolution entities themselves;

(ii)subsidiaries of other resolution entities; or

(iii)entities established in a third country that are not included in the resolution group in accordance with the resolution plan and their subsidiaries; or

(b)credit institutions permanently affiliated to a central body and the central body itself when at least one of those credit institutions or the central body is a resolution entity, and their respective subsidiaries;

(83c)“global systemically important institution” or “G-SII” means a G-SII as defined in point (133) of Article 4(1) of Regulation (EU) No 575/2013;’;