contents table Lexparency.org
Capital Requirements Regulation (CRR)
Article 411

Article 411 — Definitions

For the purposes of this Part, the following definitions apply:

  1. financial customer means a customer that performs one or more of the activities listed in Annex I to Directive 2013/36/EU as its main business, or is one of the following:
    1. a credit institution;
    2. an investment firm;
    3. an SSPE;
    4. a CIU;
    5. a non-open ended investment scheme;
    6. an insurance undertaking;
    7. a financial holding company or mixed-financial holding company.
  2. retail deposit means a liability to a natural person or to an SME, where the natural person or the SME would qualify for the retail exposure class under the Standardised or IRB approaches for credit risk, or a liability to a company which is eligible for the treatment set out in Article 153(4) and where the aggregate deposits by all such enterprises on a group basis do not exceed EUR 1 million.