Chapter I, Article 2, Point (2) · Commission Delegated Regulation (EU) 2016/778

Contents

(1) ‘deferral period’ means a period of up to six months;
(2) ‘function’ means a structured set of activities, services…
(3) ‘business line’ means as a structured set of activities, p…

(2)‘function’ means a structured set of activities, services or operations that are delivered by the institution or group to third parties irrespective from the internal organisation of the institution;