{
  "url": "https://openlegislation.uk/eu-directive-2014-59/article-125",
  "json_url": "https://openlegislation.uk/eu-directive-2014-59/article-125.json",
  "legislation": "eudr/2014/59",
  "legislation_title": "Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2014-59",
  "path": "article/125",
  "kind": "article",
  "number": "125",
  "heading": "Amendment to Regulation (EU) No 1093/2010",
  "text": "Regulation (EU) No 1093/2010 is amended as follows:\n(1) In Article 4, point (2) is replaced by the following:\n‘(2) ‘competent authority’ means:\n(i) competent authority as defined in Article 4(1)(40) of Regulation (EU) No 575/2013, and within the meaning of Directives 2007/64/EC and 2009/110/EC;\n(ii) with regard to Directives 2002/65/EC and 2005/60/EC, the authorities competent for ensuring compliance with the requirements of those Directives by credit and financial institutions;\n(iii) with regard to Directive 2014/49/EU of the European Parliament and of the Council, a designated authority as defined in Article 2(1)(18) of that Directive;\n(iv) with regard to Directive 2014/59/EU of the European Parliament and of the Council, a resolution authority as defined in Article 2(1)(18) of that Directive.’;\n(2) In Article 40(6), the following subparagraph is added:\n‘For the purpose of acting within the scope of Directive 2014/59/EU, the member of the Board of Supervisors referred to in point (b) of paragraph 1 may, where appropriate, be accompanied by a representative from the resolution authority in each Member State, who shall be non-voting.’.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on Deposit Guarantee Schemes (OJ L 173, 12.6.2014, p. 149)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).’;"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2014/59/article/125",
    "retrieved_at": "2026-11-01T15:21:44.101812+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}