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AI Summary of Article 2 Definitions

Version status: Entered into force | Document consolidation status: No known changes
Version date: 28 January 2025 - onwards
Version 2 of 2

Article 2 Definitions

For the purposes of this Directive, the following definitions apply:

(1) "resolution" means the application of a resolution tool or of a tool referred to in Article 26(7) in order to achieve one or more of the resolution objectives referred to in Article 18(2);

(2) "insurance undertaking" means an insurance undertaking as defined in Article 13, point (1), of Directive 2009/138/EC;

(3) "reinsurance undertaking" means a reinsurance undertaking as defined in Article 13, point (4), of Directive 2009/138/EC;

(4) "insurance holding company" means an insurance holding company as defined in Article 212(1), point (f), of Directive 2009/138/EC;

(5) "mixed financial holding company" means a mixed financial holding company as defined in Article 2, point (15), of Directive 2002/87/EC;