Title I - Subject matter, scope and definitions

Subject matter

These guidelines specify further details on the measures provided for in Article 17(5) of Directive 2014/59/EU and the circumstances in which each measure may be applied.

Definitions

The following definitions apply for these guidelines:

• (a) ‘Resolution strategy’ means a set of resolution actions to resolve an institution or group.
• (b) ‘Recipient’ means the acquirer, the bridge institution or the asset management vehicle following the use of the sale of business, the bridge institution or the asset separation tool.
• (c) ‘Multiple point of entry (MPE)’ means a resolution strategy or one of the options under a resolution strategy involving the application of resolution powers by two or more resolution authorities to regional sub-groups or entities of a group.
• (d) ‘Single point of entry (SPE)’ means a resolution strategy or one of the options under a resolution strategy involving the application of resolution powers by a single resolution authority at the level of a single parent undertaking or of a single institution subject to consolidated supervision.

Level of application

These guidelines apply to resolution authorities.