art_33__para_3

Directive (EU) 2025/1 of the European Parliament and of the Council of 27 November 2024 establishing a framework for the recovery and resolution of insurance and reinsurance undertakings and amending Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 and Regulations (EU) No 1094/2010, (EU) No 648/2012, (EU) No 806/2014 and (EU) 2017/1129 (Text with EEA relevance) · European Union

3. Resolution authorities shall decide that an entity is no longer a bridge undertaking in any of the following situations, whichever occurs first: the bridge undertaking merges with another entity; the bridge undertaking ceases to meet the requirements of Article 32(2); all or substantially all of the bridge undertaking’s assets, rights or liabilities are sold to a third-party purchaser; the bridge undertaking’s assets are completely wound down and its liabilities are completely discharged.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.