Updated 05/02/2025
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Article 2 - Directive 2001/24/EC (CIWUD)

Article 2

Definitions

For the purposes of this Directive:

- "home Member State" shall mean the Member State of origin within the meaning of Article 1, point (6) of Directive 2000/12/EC;

- "host Member State" shall mean the host Member State within the meaning of Article 1, point (7) of Directive 2000/12/EC;

- "branch" shall mean a branch within the meaning of Article 1, point (3) of Directive 2000/12/EC;

- "competent authorities" shall mean the competent authorities within the meaning of Article 1, point (4) of Directive 2000/12/EC;

- "administrator" shall mean any person or body appointed by the administrative or judicial authorities whose task is to administer reorganisation measures;

- "administrative or judicial authorities" shall mean such administrative or judicial authorities of the Member States as are competent for the purposes of reorganisation measures or winding-up proceedings;

- "reorganisation measures" shall mean measures which are intended to preserve or restore the financial situation of a credit institution and which could affect third parties' pre-existing rights, including measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims;

- "liquidator" shall mean any person or body appointed by the administrative or judicial authorities whose task is to administer winding-up proceedings;

- "winding-up proceedings" shall mean collective proceedings opened and monitored by the administrative or judicial authorities of a Member State with the aim of realising assets under the supervision of those authorities, including where the proceedings are terminated by a composition or other, similar measure;

- "regulated market" shall mean a regulated market within the meaning of Article 1, point (13) of Directive 93/22/EEC;

- "instruments" shall mean all the instruments referred to in Section B of the Annex to Directive 93/22/EEC.

TITLE II

REORGANISATION MEASURES

A. Credit institutions having their head offices within the Community