(e)

the instruments or subordinated loans, as applicable, are not secured, or subject to a guarantee that enhances the seniority of the claim by any of the following: the institution or its subsidiaries; the parent undertaking of the institution or its subsidiaries; the parent financial holding company or its subsidiaries; the mixed activity holding company or its subsidiaries; the mixed financial holding company or its subsidiaries; any undertaking that has close links with entities referred to in points (i) to (v);

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.