# Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up of credit institutions, Article 2: Definitions

Extent: E+W+S+N.I.

For the purposes of this Directive:
‘ home Member State ’ shall mean a home Member State as defined in Article 4(1)(43) of Regulation (EU) No 575/2013;
‘ host Member State ’ shall mean a host Member State as defined in Article 4(1)(44) of Regulation (EU) No 575/2013;
‘ branch ’ shall mean a branch as defined in Article 4(1)(17) of Regulation (EU) No 575/2013;
‘ competent authority ’ shall mean a competent authority as defined in Article 4(1)(40) of Regulation (EU) No 575/2013 or a resolution authority within the meaning of Article 2(1)(18) of Directive 2014/59/EU in respect of reorganisation measures taken pursuant to that Directive;
‘ 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 or an investment firm as defined in Article 4(1), point (2) of Regulation (EU) No 575/2013 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; those measures include the application of the resolution tools and the exercise of resolution powers provided for in Directive 2014/59/EU;
‘ 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 as defined in Article 4(1), point (21) of Directive 2014/65/EU of the European Parliament and of the Council ;
‘ instrument ’ shall mean a financial instrument as defined in Article 4(1), point (50)(b) of Regulation (EU) No 575/2013.

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Source: https://www.legislation.gov.uk/eudr/2001/24/article/2 (the official version)
Page: https://openlegislation.uk/eu-directive-2001-24/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.