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O-SII buffer

CRD IV
the own funds that may be required to be maintained in accordance with Article 131(5)

O-SIIs

CCP Recovery and Resolution Regulation
other systemically important institutions as referred to in Article 131(3) of Directive 2013/36/EU

objects of a power

Anti-Money Laundering Regulation (AMLR)
the natural or legal persons or class of natural or legal persons among whom trustees may select the beneficiaries in a discretionary trust

obligated party 2 definitions

Energy Efficiency Directive
an energy distributor or retail energy sales company that is bound by the national energy efficiency obligation schemes referred to in Article 7
Energy Union Governance Regulation
obligated party as defined in point (14) of Article 2 of Directive 2012/27/EU

obliged entity

AMLD6
a natural or legal person listed in Article 3 of Regulation (EU) 2024/1624 that is not exempted in accordance with Article 4, 5, 6 or 7 of that Regulation

obligor grade

CRR
a risk category within the obligor rating scale of a rating system, to which obligors are assigned on the basis of a specified and distinct set of rating criteria, from which estimates of probability of default (PD) are derived

occasional services

Bus and Coach Passenger Rights Regulation
services which do not fall within the definition of regular services and the main characteristic of which is the carriage by bus or coach of groups of passengers constituted on the initiative of the customer or the carrier himself

OECD Due Diligence Guidance

Conflict Minerals Regulation
the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (Second Edition, OECD 2013), including all its Annexes and Supplements

off-premises contract

Consumer Rights Directive
any contract between the trader and the consumer:

off-site transfer

E-PRTR Regulation
the movement beyond the boundaries of a facility of waste destined for recovery or disposal and of pollutants in waste water destined for waste-water treatment

offer of securities to the public

Prospectus Regulation
a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities. This definition also applies to the placing of securities through financial intermediaries

offer period

Prospectus Regulation
the period during which potential investors may purchase or subscribe for the securities concerned

offer to the public 2 definitions

European Green Bonds Regulation
an offer of securities to the public as defined in Article 2, point (d), of Regulation (EU) 2017/1129
MiCA
a communication to persons in any form, and by any means, presenting sufficient information on the terms of the offer and the crypto-assets to be offered so as to enable prospective holders to decide whether to purchase those crypto-assets

offeree company

Takeover Bids Directive
a company, the securities of which are the subject of a bid

offering services in the Union

Terrorist Content Online Regulation
enabling natural or legal persons in one or more Member States to use the services of a hosting service provider which has a substantial connection to that Member State or those Member States

offeror 3 definitions

MiCA
a natural or legal person, or other undertaking, or the issuer, who offers crypto-assets to the public
Prospectus Regulation
a legal entity or individual which offers securities to the public
Takeover Bids Directive
any natural or legal person governed by public or private law making a bid

office

EU Trade Mark Directive
the central industrial property office of the Member State or the Benelux Office for Intellectual Property, entrusted with the registration of trade marks

official attestation

Official Controls Regulation
any label, mark or other form of attestation issued by the operators under the supervision, through dedicated official controls, of the competent authorities or by the competent authorities themselves, and providing assurance concerning compliance with one or more requirements laid down in this Regulation or in the rules referred to in Article 1(2)

official auxiliary

Official Controls Regulation
a representative of the competent authorities trained in accordance with the requirements established under Article 18 and employed to perform certain official control tasks or certain tasks related to other official activities

official certificate

Official Controls Regulation
a paper or electronic document signed by the certifying officer and providing assurance concerning compliance with one or more requirements laid down in the rules referred to in Article 1(2)

official certification

Official Controls Regulation
the procedure by which assurance concerning compliance with one or more requirements laid down in the rules referred to in Article 1(2) is provided by the competent authorities

official control

Animal Health Law
any form of control carried out by a competent authority for the purpose of verifying compliance with this Regulation

official currency

MiCA
an official currency of a country that is issued by a central bank or other monetary authority

official detention

Official Controls Regulation
the procedure by which the competent authorities ensure that animals and goods subject to official controls are not moved or tampered with pending a decision on their destination; it includes storage by operators in accordance with the instructions and under the control of the competent authorities

official plant health officer

Official Controls Regulation
a natural person appointed by a competent authority, either as staff or otherwise, and appropriately trained to perform official controls and other official activities in accordance with this Regulation and the relevant rules referred to in point (g) of Article 1(2)

official veterinarian 3 definitions

Animal Health Law
a veterinarian authorised by the competent authority and appropriately qualified to perform official activities in accordance with this Regulation
Animal Transport Protection Regulation
the veterinarian appointed by the competent authority of the Member State
Official Controls Regulation
a veterinarian appointed by a competent authority, either as staff or otherwise, and appropriately qualified to perform official controls and other official activities in accordance with this Regulation and the relevant rules referred to in Article 1(2)

official veterinarian in a third country or territory

Animal Health Law
a veterinarian in a third country or territory corresponding to an official veterinarian as referred to in point (53)

officially supported export credits

CRR
loans or credits to finance the export of goods and services for which an official export credit agency provides guarantees, insurance or direct financing

offtake agreement

Critical Raw Materials Act
any contractual agreement between an undertaking and a project promoter containing either a commitment on part of the undertaking to procure a share of the raw materials produced by a specific raw material project over a certain period of time or a commitment on part of the project promoter to provide the undertaking with the option to do so

offtaker

Critical Raw Materials Act
an undertaking that has entered into an offtake agreement with a project promoter

off‐balance‐sheet item

Investment Firms Regulation
any of the items referred to in Annex I to Regulation (EU) No 575/2013

on-premises ICT infrastructure

Data Act
ICT infrastructure and computing resources owned, rented or leased by the customer, located in the data centre of the customer itself and operated by the customer or by a third-party

on-site assessment

Vehicle Type-Approval Regulation
a verification in the premises of a technical service or of one of its subcontractors or subsidiaries

One Health

Cross-Border Health Threats Regulation
a multi-sectoral approach which recognises that human health is connected to animal health and to the environment, and that actions to tackle threats to health must take into account those three dimensions

one-component foam

F-gas Regulation
a foam composition contained in a single aerosol dispenser in unreacted or partly reacted liquid state and that expands and hardens when it leaves the dispenser

one-year default rate

CRR
the ratio between the number of defaults occurred during a period that starts from one year prior to a date T and the number of obligors assigned to this grade or pool one year prior to that date

online content service

Cross-Border Portability Regulation
a service as defined in Articles 56 and 57 TFEU that a provider lawfully provides to subscribers in their Member State of residence on agreed terms and online, which is portable and which is:

online content-sharing service provider

Copyright in the Digital Single Market Directive
a provider of an information society service of which the main or one of the main purposes is to store and give the public access to a large amount of copyright-protected works or other protected subject matter uploaded by its users, which it organises and promotes for profit-making purposes. Providers of services, such as not-for-profit online encyclopedias, not-for-profit educational and scientific repositories, open source software-developing and-sharing platforms, providers of electronic communications services as defined in Directive (EU) 2018/1972, online marketplaces, business-to-business cloud services and cloud services that allow users to upload content for their own use, are not ‘online content-sharing service providers’ within the meaning of this Directive.

online interface 6 definitions

Consumer Protection Cooperation Regulation
any software, including a website, part of a website or an application, that is operated by or on behalf of a trader, and which serves to give consumers access to the trader’s goods or services
Digital Services Act
any software, including a website or a part thereof, and applications, including mobile applications
General Product Safety Regulation
any software, including a website, part of a website or an application, including mobile applications
Geo-blocking Regulation
any software, including a website or a part thereof and applications, including mobile applications, operated by or on behalf of a trader, which serves to give customers access to the trader's goods or services with a view to engaging in a transaction with respect to those goods or services
Market Surveillance Regulation
any software, including a website, part of a website or an application, that is operated by or on behalf of an economic operator, and which serves to give end users access to the economic operator's products
MiCA
any software, including a website, part of a website or an application, that is operated by or on behalf of an offeror or crypto-asset service provider, and which serves to give holders of crypto-assets access to their crypto-assets and to give clients access to crypto-asset services

online intermediation services 2 definitions

Digital Markets Act
online intermediation services as defined in Article 2, point (2), of Regulation (EU) 2019/1150
Platform-to-Business Regulation
services which meet all of the following requirements:

online marketplace 2 definitions

NIS Directive
a digital service that allows consumers and/or traders as respectively defined in point (a) and in point (b) of Article 4(1) of Directive 2013/11/EU of the European Parliament and of the Council (18) to conclude online sales or service contracts with traders either on the online marketplace's website or on a trader's website that uses computing services provided by the online marketplace
NIS2 Directive
an online marketplace as defined in Article 2, point (n), of Directive 2005/29/EC of the European Parliament and of the Council (31)

online platform 4 definitions

Batteries Regulation
an online platform as defined in Article 3, point (i), of Regulation (EU) 2022/2065
Digital Services Act
a hosting service that, at the request of a recipient of the service, stores and disseminates information to the public, unless that activity is a minor and purely ancillary feature of another service or a minor functionality of the principal service and, for objective and technical reasons, cannot be used without that other service, and the integration of the feature or functionality into the other service is not a means to circumvent the applicability of this Regulation
Packaging and Packaging Waste Regulation
online platform as defined in Article 3, point (i), of Regulation (EU) 2022/2065
Product Liability Directive
online platform as defined in Article 3, point (i), of Regulation (EU) 2022/2065

online search engine 5 definitions

Digital Markets Act
an online search engine as defined in Article 2, point (5), of Regulation (EU) 2019/1150
Digital Services Act
an intermediary service that allows users to input queries in order to perform searches of, in principle, all websites, or all websites in a particular language, on the basis of a query on any subject in the form of a keyword, voice request, phrase or other input, and returns results in any format in which information related to the requested content can be found
NIS Directive
a digital service that allows users to perform searches of, in principle, all websites or websites in a particular language on the basis of a query on any subject in the form of a keyword, phrase or other input, and returns links in which information related to the requested content can be found
NIS2 Directive
an online search engine as defined in Article 2, point (5), of Regulation (EU) 2019/1150 of the European Parliament and of the Council (32)
Platform-to-Business Regulation
a digital service that allows users to input queries in order to perform searches of, in principle, all websites, or all websites in a particular language, on the basis of a query on any subject in the form of a keyword, voice request, phrase or other input, and returns results in any format in which information related to the requested content can be found

online social networking service

Digital Markets Act
a platform that enables end users to connect and communicate with each other, share content and discover other users and content across multiple devices and, in particular, via chats, posts, videos and recommendations

open access

Horizon Europe Regulation
online access, provided free of charge to the end user, to research outputs resulting from actions under the Programme in accordance with Article 14 and Article 39(3)

open science

Horizon Europe Regulation
an approach to the scientific process based on open cooperative work, tools and diffusing knowledge, and includes the elements listed in Article 14

open-source software steward

Cyber Resilience Act
a legal person, other than a manufacturer, that has the purpose or objective of systematically providing support on a sustained basis for the development of specific products with digital elements, qualifying as free and open-source software and intended for commercial activities, and that ensures the viability of those products

operated assets

Methane Regulation
assets which are under the operational control of the operator

operating air carrier 2 definitions

Air Passenger Rights (Reduced Mobility) Regulation
an air carrier that performs or intends to perform a flight under a contract with a passenger or on behalf of another person, legal or natural, having a contract with that passenger
Air Passenger Rights Regulation
an air carrier that performs or intends to perform a flight under a contract with a passenger or on behalf of another person, legal or natural, having a contract with that passenger

operating hours

Industrial Emissions Directive
the time, expressed in hours, during which a combustion plant, in whole or in part, is operating and discharging emissions into the air, excluding start-up and shut-down periods

operating profit

General Block Exemption Regulation (GBER)
the difference between the discounted revenues and the discounted operating costs over the relevant lifetime of the investment, where this difference is positive. The operating costs include costs such as personnel costs, materials, contracted services, communications, energy, maintenance, rent, administration, but exclude, for the purpose of this Regulation, depreciation charges and the costs of financing if these have been covered by investment aid. Definitions applying to regional aid

operating system 2 definitions

Digital Markets Act
a system software that controls the basic functions of the hardware or software and enables software applications to run on it
European Accessibility Act
software, which, inter alia, handles the interface to peripheral hardware, schedules tasks, allocates storage, and presents a default interface to the user when no application program is running including a graphical user interface, regardless of whether such software is an integral part of consumer general purpose computer hardware, or constitutes free-standing software intended to be run on consumer general purpose computer hardware, but excluding an operating system loader, basic input/output system, or other firmware required at boot time or when installing the operating system

operation

Common Provisions Regulation (2014-2020)
a project, contract, action or group of projects selected by the managing authorities of the programmes concerned, or under their responsibility, that contributes to the objectives of a priority or priorities; in the context of financial instruments, an operation is constituted by the financial contributions from a programme to financial instruments and the subsequent financial support provided by those financial instruments

operation of a trading platform for crypto-assets

MiCA
the management of one or more multilateral systems, which bring together or facilitate the bringing together of multiple third-party purchasing and selling interests in crypto-assets, in the system and in accordance with its rules, in a way that results in a contract, either by exchanging crypto-assets for funds or by the exchange of crypto-assets for other crypto-assets

operation of strategic importance

Common Provisions Regulation (2021-2027)
an operation which provides a significant contribution to the achievement of the objectives of a programme and which is subject to particular monitoring and communication measures

operational analysis

Europol Regulation
all methods and techniques by which information is collected, stored, processed and assessed with the aim of supporting criminal investigations

operational or security payment-related incident

DORA
a single event or a series of linked events unplanned by the financial entities referred to in Article 2(1), points (a) to (d), whether ICT-related or not, that has an adverse impact on the availability, authenticity, integrity or confidentiality of payment-related data, or on the payment-related services provided by the financial entity

operational personal data 2 definitions

EPPO Regulation
all personal data processed by the EPPO for the purposes laid down in Article 49
EU Institutions Data Protection Regulation
all personal data processed by Union bodies, offices or agencies when carrying out activities which fall within the scope of Chapter 4 or Chapter 5 of Title V of Part Three TFEU to meet the objectives and tasks laid down in the legal acts establishing those bodies, offices or agencies

operational risk 3 definitions

CRD IV
operational risk as defined in point (52) of Article 4(1) of Regulation (EU) No 575/2013
CRR
the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk
Solvency II Directive
the risk of loss arising from inadequate or failed internal processes, personnel or systems, or from external events

operator 16 definitions

AI Act
a provider, product manufacturer, deployer, authorised representative, importer or distributor
Access Directive
an undertaking providing or authorised to provide a public communications network or an associated facility
Animal Health Law
any natural or legal person having animals or products under his responsibility, including for a limited duration of time, but excluding pet keepers and veterinarians
CBAM Regulation
any person who operates or controls an installation in a third country
Common Fisheries Policy Regulation
the natural or legal person who operates or holds any undertaking carrying out any of the activities related to any stage of production, processing, marketing, distribution and retail chains of fisheries and aquaculture products
Deforestation Regulation
any natural or legal person who, in the course of a commercial activity, places relevant products on the market or exports them
E-PRTR Regulation
any natural or legal person who operates or controls the facility or, where this is provided for in national legislation, to whom decisive economic power over the technical functioning of the facility has been delegated
EU ETS Directive
any person who operates or controls an installation or, where this is provided for in national legislation, to whom decisive economic power over the technical functioning of the installation has been delegated
EU Timber Regulation
any natural or legal person that places timber or timber products on the market
European Electronic Communications Code
an undertaking providing or authorised to provide a public electronic communications network or an associated facility
Industrial Emissions Directive
any natural or legal person who operates or controls in whole or in part the installation or combustion plant, waste incineration plant or waste co-incineration plant or, where this is provided for in national law, to whom decisive economic power over the technical functioning of the installation or plant has been delegated
Landfill Directive
the natural or legal person responsible for a landfill in accordance with the internal legislation of the Member State where the landfill is located; this person may change from the preparation to the after-care phase
Methane Regulation
any natural or legal person who operates or controls an asset, or, where provided for under national law, to whom decisive economic power over the technical functioning of an asset has been delegated
Official Controls Regulation
any natural or legal person subject to one or more of the obligations provided for in the rules referred to in Article 1(2)
Organic Farming Regulation
the natural or legal person responsible for ensuring that this Regulation is complied with at every stage of production, preparation and distribution that are under that person’s control
Organic Production Regulation (2007)
the natural or legal persons responsible for ensuring that the requirements of this Regulation are met within the organic business under their control

operator of essential services 2 definitions

Cybersecurity Act
an operator of essential services as defined in point (4) of Article 4 of Directive (EU) 2016/1148
NIS Directive
a public or private entity of a type referred to in Annex II, which meets the criteria laid down in Article 5(2)

operator of service facility

Single European Railway Area Directive
any public or private entity responsible for managing one or more service facilities or supplying one or more services to railway undertakings referred to in points 2 to 4 of Annex II

operator or supplier of a means of distance communication

Distance Marketing of Financial Services Directive
any public or private, natural or legal person whose trade, business or profession involves making one or more means of distance communication available to suppliers.

organic

Organic Production Regulation (2007)
coming from or related to organic production

organic compound

Industrial Emissions Directive
any compound containing at least the element carbon and one or more of hydrogen, halogens, oxygen, sulphur, phosphorus, silicon or nitrogen, with the exception of carbon oxides and inorganic carbonates and bicarbonates

organic control authority

Official Controls Regulation
a public administrative organisation for organic production and labelling of organic products of a Member State to which the competent authorities have conferred, in whole or in part, their competences in relation to the application of Council Regulation (EC) No 834/2007 ( 48 ) , including, where appropriate, the corresponding authority of a third country or operating in a third country

organic heterogeneous material

Organic Farming Regulation
a plant grouping within a single botanical taxon of the lowest known rank which:

organic product

Organic Farming Regulation
a product resulting from organic production, other than a product produced during the conversion period referred to in Article 10. The products of hunting or fishing of wild animals are not considered as organic products

organic production 2 definitions

Organic Farming Regulation
the use, including during the conversion period referred to in Article 10, of production methods that comply with this Regulation at all stages of production, preparation and distribution
Organic Production Regulation (2007)
the use of the production method compliant with the rules established in this Regulation, at all stages of production, preparation and distribution

organic production unit

Organic Farming Regulation
a production unit, excluding during the conversion period referred to in Article 10, which is managed in compliance with the requirements applicable to organic production

organic Rankine cycle

F-gas Regulation
a cycle containing condensable substances converting heat from a heat source into power for the generation of electric or mechanical energy

organic solvent

Industrial Emissions Directive
any volatile organic compound which is used for any of the following:

organic variety suitable for organic production

Organic Farming Regulation
a variety as defined in Article 5(2) of Regulation (EC) No 2100/94 which:

organisational cooperation

General Block Exemption Regulation (GBER)
the development of joint business strategies or management structures, the provision of common services or services to facilitate cooperation, coordinated activities such as research or marketing, the support of networks and clusters, the improvement of accessibility and communication, the use of joint instruments to encourage entrepreneurship and trade with SMEs

organisational innovation

General Block Exemption Regulation (GBER)
the implementation of a new organisational method in an undertaking's business practices, workplace organisation or external relations, excluding changes that are based on organisational methods already in use in the undertaking, changes in management strategy, mergers and acquisitions, ceasing to use a process, simple capital replacement or extension, changes resulting purely from changes in factor prices, customisation, localisation, regular, seasonal and other cyclical changes and trading of new or significantly improved products

organiser

Package Travel Directive
a trader who combines and sells or offers for sale packages, either directly or through another trader or together with another trader, or the trader who transmits the traveller's data to another trader in accordance with point (b)(v) of point 2

original lender

Securitisation Regulation
an entity which, itself or through related entities, directly or indirectly, concluded the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposures being securitised

original parts or equipment 2 definitions

Agricultural and Forestry Vehicles Type-Approval Regulation
parts or equipment which are manufactured according to the specifications and production standards provided by the vehicle manufacturer for the production of parts or equipment for the assembly of the vehicle in question; this includes parts or equipment which are manufactured on the same production line as these parts or equipment; it is presumed, unless the contrary is proven, that parts or equipment constitute original parts or equipment if the manufacturer certifies that the parts or equipment match the quality of the components used for the assembly of the vehicle in question and have been manufactured in accordance with the specifications and production standards of the vehicle manufacturer
Two- or Three-Wheel Vehicles Type-Approval Regulation
parts or equipment which are manufactured according to the specifications and production standards provided by the vehicle manufacturer for the production of parts or equipment for the assembly of the vehicle in question; this includes parts or equipment which are manufactured on the same production line as these parts or equipment; it is presumed, unless the contrary is proven, that parts or equipment constitute original parts or equipment if the manufacturer certifies that the parts or equipment match the quality of the components used for the assembly of the vehicle in question and have been manufactured in accordance with the specifications and production standards of the vehicle manufacturer

originator 5 definitions

CRD IV
originator as defined in point (13) of Article 4(1) of Regulation (EU) No 575/2013
CRR
an entity which:
European Green Bonds Regulation
an originator as defined in Article 2, point (3), of Regulation (EU) 2017/2402
Securitisation Regulation
an entity which:
Transfer of Funds Regulation (recast)
a person that holds a crypto-asset account with a crypto-asset service provider, a distributed ledger address or a device allowing the storage of crypto-assets, and allows a transfer of crypto-assets from that account, distributed ledger address, or device, or, where there is no such account, distributed ledger address, or device, a person that orders or initiates a transfer of crypto-assets

orphan medicinal product

Orphan Medicinal Products Regulation
a medicinal product designated as such under the terms and conditions of this Regulation

other animals

Animal Health Law
animals of species other than those falling within the definition of terrestrial or aquatic animals

other capital instruments

CRR
capital instruments issued by financial sector entities that do not qualify as Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments or Tier 1 own-fund insurance items, additional Tier 1 own-fund insurance items, Tier 2 own-fund insurance items or Tier 3 own-fund insurance items

other Copernicus users

Union Space Programme Regulation
research and education organisations, commercial and private bodies, charities, non-governmental organisations and international organisations, which benefit from Copernicus data and Copernicus information

other country

PIC Regulation (Hazardous Chemicals Export/Import)
any country that is not a Party

other EU information systems

ETIAS Regulation
the Entry/Exit System (‘EES’), established by Regulation (EU) 2017/2226, the Visa Information System (‘VIS’), established by Regulation (EC) No 767/2008 of the European Parliament and of the Council ( 8 ), the Schengen Information System (‘SIS’), established by Regulations (EU) 2018/1860 ( 9 ), (EU) 2018/1861 ( 10 ) and (EU) 2018/1862 ( 11 ) of the European Parliament and of the Council, Eurodac, established by Regulation (EU) No 603/2013 of the European Parliament and of the Council ( 12 ) and the European Criminal Record Information System – Third-Country Nationals (‘ECRIS-TCN’), established by Regulation (EU) 2019/816 of the European Parliament and of the Council ( 13 ) 2. The terms defined in Article 2 of Regulation (EC) No 45/2001 shall have the same meaning in this Regulation insofar as personal data are processed by the European Border and Coast Guard Agency and eu-LISA. 3. The terms defined in Article 4 of Regulation (EU) 2016/679 shall have the same meaning in this Regulation insofar as personal data are processed by the authorities of Member States for the purposes laid down in points (a) to (e) of Article 4 of this Regulation. 4. The terms defined in Article 3 of Directive (EU) 2016/680 shall have the same meaning in this Regulation insofar as personal data are processed by the authorities of the Member States for the purposes laid down in point (f) of Article 4 of this Regulation.

other flavouring

Flavourings Regulation
a flavouring added or intended to be added to food in order to impart odour and/or taste and which does not fall under definitions (b) to (g)

other innovative technologies

Net-Zero Industry Act
energy-related or climate-related technologies with a proven potential to contribute to the decarbonisation of industrial or energy systems and to reduce strategic dependencies that comprise genuine innovations that are not currently available on the Union market and that are advanced enough to be tested in a controlled environment

other object

Plant Health Regulation
any material or object, other than plants or plant products, capable of harbouring or spreading pests, including soil or growing medium

other objects

Official Controls Regulation
other objects as defined in point (5) of Article 2 of Regulation (EU) 2016/2031

other reserves

CRR
reserves within the meaning of the applicable accounting framework that are required to be disclosed under the applicable accounting standard, excluding any amounts already included in accumulated other comprehensive income or retained earnings

other wooded land

Deforestation Regulation
land not classified as ‘forest’ spanning more than 0,5 hectares, with trees higher than 5 metres and a canopy cover of 5 to 10 %, or trees able to reach those thresholds in situ, or with a combined cover of shrubs, bushes and trees above 10 %, excluding land that is predominantly under agricultural or urban land use

other work

Driving Time and Rest Periods Regulation
all activities which are defined as working time in Article 3(a) of Directive 2002/15/EC except ‘driving’, including any work for the same or another employer, within or outside of the transport sector

outbreak

Animal Health Law
the officially confirmed occurrence of a listed disease or an emerging disease in one or more animals in an establishment or other place where animals are kept or located

outer packaging

Veterinary Medicinal Products Regulation
packaging in which the immediate packaging is placed

outermost regions 2 definitions

CAP Strategic Plans Regulation
the outermost regions referred to in Article 349 TFEU
General Block Exemption Regulation (GBER)
regions as defined in Article 349 of the Treaty. In accordance with European Council Decision 2010/718/EU, from 1 January 2012, Saint-Barthélemy ceased to be an outermost region. In accordance with European Council Decision 2012/419/EU on 1 January 2014, Mayotte became an outermost region

output indicator 2 definitions

CAP Financing, Management and Monitoring Regulation
an output indicator as referred to in Article 7(1), point (a), of Regulation (EU) 2021/2115
Common Provisions Regulation (2021-2027)
an indicator to measure the specific deliverables of the intervention

outsourcing 3 definitions

MiFID II Delegated Regulation
an arrangement of any form between an investment firm and a service provider by which that service provider performs a process, a service or an activity which would otherwise be undertaken by the investment firm itself
MiFID Implementing Directive
an arrangement of any form between an investment firm and a service provider by which that service provider performs a process, a service or an activity which would otherwise be undertaken by the investment firm itself
Solvency II Directive
an arrangement of any form between an insurance or reinsurance undertaking and a service provider, whether a supervised entity or not, by which that service provider performs a process, a service or an activity, whether directly or by sub-outsourcing, which would otherwise be performed by the insurance or reinsurance undertaking itself

overall efficiency

Energy Efficiency Directive
the annual sum of electricity and mechanical energy production and useful heat output divided by the fuel input used for heat produced in a cogeneration process and gross electricity and mechanical energy production

overcollateralisation

Covered Bonds Directive
the entirety of the statutory, contractual or voluntary level of collateral that exceeds the coverage requirement set out in Article 15

overdraft facility 2 definitions

Consumer Credit Directive
an explicit credit agreement whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account
Payment Accounts Directive
an explicit credit agreement whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer’s payment account

overriding reasons relating to the public interest

Services Directive
reasons recognised as such in the case law of the Court of Justice, including the following grounds: public policy; public security; public safety; public health; preserving the financial equilibrium of the social security system; the protection of consumers, recipients of services and workers; fairness of trade transactions; combating fraud; the protection of the environment and the urban environment; the health of animals; intellectual property; the conservation of the national historic and artistic heritage; social policy objectives and cultural policy objectives

overrunning 2 definitions

Consumer Credit Directive
a tacitly accepted overdraft whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account or the agreed overdraft facility
Payment Accounts Directive
a tacitly accepted overdraft whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer’s payment account or the agreed overdraft facility

oversight

EASA Basic Regulation (Civil Aviation Safety)
the verification, by or on behalf of the competent authority, on a continuous basis that the requirements of this Regulation and of the delegated and implementing acts adopted on the basis thereof, on the basis of which a certificate has been issued or in respect of which a declaration has been made, continue to be complied with

overstayer 2 definitions

ETIAS Regulation
a third-country national who does not fulfil, or no longer fulfils the conditions relating to the duration of a short stay on the territory of the Member States
Entry/Exit System (EES) Regulation
a third-country national who does not fulfil or no longer fulfils the conditions relating to the duration of his or her authorised short stay on the territory of the Member States

own funds 5 definitions

BRRD
own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013
CRD IV
own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013
CRR
the sum of Tier 1 capital and Tier 2 capital
PSD2
funds as defined in point 118 of Article 4(1) of Regulation (EU) No 575/2013 where at least 75 % of the Tier 1 capital is in the form of Common Equity Tier 1 capital as referred to in Article 50 of that Regulation and Tier 2 is equal to or less than one third of Tier 1 capital
SRM Regulation
own funds as defined in Article 4(1)(118) of Regulation (EU) No 575/2013

own funds instruments

CRR
capital instruments issued by the institution that qualify as Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments

own funds requirements 2 definitions

BRRD
the requirements laid down in Articles 92 to 98 of Regulation (EU) No 575/2013
SRM Regulation
the requirements laid down in Articles 92 to 98 of Regulation (EU) No 575/2013

owners/operators of ECIs

European Critical Infrastructures Directive
those entities responsible for investments in, and/or day-to-day operation of, a particular asset, system or part thereof designated as an ECI under this Directive.

oxo-degradable plastic

Single-Use Plastics Directive
plastic materials that include additives which, through oxidation, lead to the fragmentation of the plastic material into micro-fragments or to chemical decomposition