credit institution
credit institution
Section titled “credit institution”| Defined term | credit institution |
| Source | CRR |
| Reference | Article 4(1), point (1) |
| Status | Published |
| Refresh rule | Regenerate after source legal-text changes |
Definition
Section titled “Definition”(1) ‘credit institution’ means an undertaking the business of which consists of any of the following:
(a) to take deposits or other repayable funds from the public and to grant credits for its own account;
(b) to carry out any of the activities referred to in points (3) and (6) of Section A of Annex I to Directive 2014/65/EU, where the Article 4(1), point (1), asset-threshold conditions are met and the undertaking is not excluded by that point;