- Additional Tier 1 instruments
means capital instruments that meet the conditions laid down in Article 52(1) of Regulation (EU) No 575/2013;
- aggregate amount
means the aggregate amount by which the resolution authority has assessed that bail-inable liabilities are to be written down or converted, in accordance with Article 27(13);
- Agreement
means the agreement on the transfer and mutualisation of contributions to the Fund;
- asset separation tool
means the mechanism for effecting a transfer of assets, rights or liabilities of an institution under resolution to an asset management vehicle in accordance with Article 26;
- available financial means
means the cash, deposits, assets and irrevocable payment commitments available to the Fund for the purposes listed under Article 76(1);
- bail-in tool
means the mechanism for effecting the exercise of the write-down and conversion powers in relation to liabilities of an institution under resolution in accordance with Article 27;
- bail-inable liabilities
means the liabilities and capital instruments that do not qualify as Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments of an entity referred to in Article 2 and that are not excluded from the scope of the bail-in tool pursuant to Article 27(3);
- branch
means a branch as defined in Article 4(1)(17) of Regulation (EU) No 575/2013;
- bridge institution tool
means the mechanism for transferring instruments of ownership issued by an institution under resolution, or assets, rights or liabilities of an institution under resolution, to a bridge institution, in accordance with Article 25;
- combined buffer requirement
means combined buffer requirement as defined in point (6) of Article 128 of Directive 2013/36/EU.
- Common Equity Tier 1 capital
means Common Equity Tier 1 capital as calculated in accordance with Article 50 of Regulation (EU) No 575/2013;
- Common Equity Tier 1 instruments
means capital instruments that meet the conditions laid down in Article 28(1) to (4), Article 29(1) to (5) or Article 31(1) of Regulation (EU) No 575/2013;
- competent authorities
means:
- competent authority
means a competent authority as defined in Article 4(2)(i) of Regulation (EU) No 1093/2010;
- conditions for resolution
means the conditions referred to in Article 18(1);
- consolidated basis
means the basis of the consolidated situation as defined in Article 4(1)(47) of Regulation (EU) No 575/2013;
- consolidating supervisor
means consolidating supervisor as defined in Article 4(1)(41) of Regulation (EU) No 575/2013;
- covered bond
means an instrument as referred to in Article 52(4) of Directive 2009/65/EC of the European Parliament and of the Council;
- covered deposits
means deposits as defined in Article 2(1)(5) of Directive 2014/49/EU;
- cross-border group
means a group that has entities as referred to in Article 2 established in more than one participating Member State;
- debt instruments
means bonds and other forms of transferable debt, instruments creating or acknowledging a debt, and instruments giving rights to acquire debt instruments;
- deposit guarantee scheme
means a deposit guarantee scheme introduced and officially recognised by a Member State pursuant to Article 4 of Directive 2014/49/EU;
- depositor
means a depositor as defined in Article 2(1)(6) of Directive 2014/49/EU;
- derivative
means a derivative as defined in Article 2(5) of Regulation (EU) No 648/2012;
- eligible deposits
means eligible deposits as defined in Article 2(1)(4) of Directive 2014/49/EU;
- eligible liabilities
means bail-inable liabilities that fulfil, as applicable, the conditions of Article 12c or point (a) of Article 12g(2) of this Regulation, and Tier 2 instruments that meet the conditions of point (b) of Article 72a(1) of Regulation (EU) No 575/2013;
- extraordinary public financial support
means State aid within the meaning of Article 107(1) TFEU or any other public financial support at supra-national level, which, if provided at national level, would constitute State aid, that is provided in order to preserve or restore the viability, liquidity or solvency of an entity referred to in Article 2 of this Regulation or of a group of which such an entity forms part;
- financial holding company
means a financial holding company as defined in Article 4(1)(20) of Regulation (EU) No 575/2013;
- financial institution
means a financial institution as defined in Article 4(1)(26) of Regulation (EU) No 575/2013;
- financial instrument
means financial instrument as defined in point (50) of Article 4(1) of Regulation (EU) No 575/2013;
- group
means a parent undertaking and its subsidiaries that are entities as referred to in Article 2;
- group resolution plan
means a plan for group resolution drawn up in accordance with Articles 8 and 9;
- group-level resolution authority
means the resolution authority in the participating Member State in which the institution or parent undertaking subject to consolidated supervision at the highest level of consolidation within participating Member States in accordance with Article 111 of Directive 2013/36/EU is established;
- institution
means a credit institution, or an investment firm covered by consolidated supervision in accordance with Article 2(c);
- institution under resolution
means an entity referred to in Article 2 in respect of which a resolution action is taken;
- investor
means an investor within the meaning of Article 1(4) of Directive 97/9/EC of the European Parliament and of the Council;
- IPS
means an arrangement that meets the requirements laid down in Article 113(7) of Regulation (EU) No 575/2013;
- 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 part of a group, the resolution plan, provides that the entity is to be wound up under normal insolvency proceedings, or an entity, within a resolution group other than a resolution entity, in respect of which the group resolution plan does not provide for the exercise of write-down and conversion powers;
- material subsidiary
means a material subsidiary as defined in point (135) of Article 4(1) of Regulation (EU) No 575/2013;
- mixed financial holding company
means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;
- national competent authority
means any national competent authority as defined in Article 2(2) of Regulation (EU) No 1024/2013;
- national resolution authority
means an authority designated by a participating Member State in accordance with Article 3 of Directive 2014/59/EU;
- other authorities
means any of the following authorities: For the purposes of this Article, ‘financial institution’ means financial institution as defined in Article 2, point (a), of Regulation (EU) No 1092/2010.
- own funds
means own funds as defined in Article 4(1)(118) of Regulation (EU) No 575/2013;
- own funds requirements
means the requirements laid down in Articles 92 to 98 of Regulation (EU) No 575/2013;
- parent undertaking
means a parent undertaking as defined in Article 4(1)(15)(a) of Regulation (EU) No 575/2013;
- relevant capital instruments
means Additional Tier 1 instruments and Tier 2 instruments;
- relevant national resolution authority
means the national resolution authority of a participating Member State in which an entity or a group's entity is established;
- resolution action
means the decision to place an entity referred to in Article 2 under resolution pursuant to Article 18, the application of a resolution tool or the exercise of one or more resolution powers;
- resolution entity
means a legal person established in a participating Member State, which the Board or the national resolution authority, in accordance with Article 8 of this Regulation, has identified as an entity in respect of which the resolution plan provides for resolution action;
- resolution group
means:
- resolution objectives
means the objectives referred to in Article 14;
- resolution plan
means a plan drawn up in accordance with Article 8 or 9;
- resolution tool
means a resolution tool referred to in Article 22(2);
- sale of business tool
means the mechanism for effecting a transfer by a resolution authority of instruments of ownership issued by an institution under resolution, or assets, rights or liabilities of an institution under resolution, to a purchaser that is not a bridge institution, in accordance with Article 24;
- subordinated eligible instruments
means instruments that meet all of the conditions referred to in Article 72a of Regulation (EU) No 575/2013 other than paragraphs (3) to (5) of Article 72b of that Regulation;
- subsidiary
means a subsidiary as defined in point (16) of Article 4(1) of Regulation (EU) No 575/2013, and for the purpose of applying Article 8, Article 10(10), Articles 12 to 12k, 21 and 53 of this Regulation to resolution groups referred to in point (b) of point (24b) of this paragraph, include, where and as appropriate, credit institutions that are permanently affiliated to a central body, the central body itself, and their respective subsidiaries, taking into account the way in which such resolution groups comply with Article 12f(3) of this Regulation;
- target level
means the amount of available financial means to be reached under Article 69(1);
- Tier 2 instruments
means capital instruments or subordinated loans that meet the conditions laid down in Article 63 of Regulation (EU) No 575/2013;
- transitional period
means the period from the date of application of this Regulation as determined under Article 99(2) and (6) until the Fund reaches the target level or 1 January 2024, whichever is earlier;
- Union parent financial holding company
means an EU parent financial holding company as defined in point (31) of Article 4(1) of Regulation (EU) No 575/2013;
- Union parent institution
means an EU parent institution as defined in point (29) of Article 4(1) of Regulation (EU) No 575/2013;
- winding up
means the realisation of assets of an entity referred to in Article 2;
- write-down and conversion powers
means the powers referred to in Article 21;