EBU Single Rulebook Q&A 28 July 2015 2015_2179 Clarifications regarding the scope of application of Article 33
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European Union · · · 11-11-2016
Can you please clarify Article 33 of Directive 2014/59/EU (BRRD); as a whole, we interpret it to mean that the special rule for Financial Institutions should apply only to Financial Institutions that are not parents in accordance with Article 1(1)(c) or (d), but are subsidiaries of a credit institution or an investment firm. Is this correct?
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