EBU Single Rulebook Q&A 30 June 2015 2015_2079 Meaning of “where relevant” in Article 4

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European Union · · · 24-07-2015

Could you please clarify the meaning of the wording “where relevant” in Articles 4 (3) (4) and (8) of Directive 2014/59/EU (BRRD)? Article 4 (3) of Directive 2014/59/EU (BRRD) states that “Member States shall ensure that where simplified obligations are applied the competent authorities and, where relevant, resolution authorities can impose full, unsimplified obligations at any time.

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