BRR Act 2015 definition

BRR Act 2015 means the Luxembourg act of 18 December 2015 on the resolution, reorganisation and winding-up of credit institutions and certain investment firms and on deposit guarantee.
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BRR Act 2015 means the law of 18 December 2015 on the failure of credit institutions and certain investment firms (loi modifiée du 18 décembre 2015 relative à la défaillance des établissements de crédit et de certaines entreprises d’investissement;
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BRR Act 2015 means the Luxembourg act dated 18 December 2015 on the failure of credit institutions and certain investment firms, as amended, which has implemented the BRRD into Luxembourg law, as amended or replaced from time to time.
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Examples of BRR Act 2015 in a sentence

  • The BRRD was implemented by the Luxembourg act dated 18 December 2015 which was officially published on 24 December 2015 in the Luxembourg Memorial A (n° 246) of the Official Journal of the Grand-Duchy of Luxembourg (page 6000) (the "BRR Act 2015").

  • All claims resulting from a deposit within the meaning given to such term in the BRR Act 2015 must be guaranteed by the FGDL.

  • In line with the BRRD, the BRR Act 2015 gives, amongst others, power to the Commission de Surveillance du Secteur Financier (the "CSSF") as the Luxembourg resolution authority (Conseil de Résolution) to implement resolution measures under the BRR Act 2015.

  • The BRR Act 2015 also grants the power to the CSSF, acting in its capacity as the national resolution authority, to take a number of resolution measures, including the application of the general bail-in tool.

  • We turn now to specifying the generator matrix Λ (that is, specifying non-zero tran- sition rates) for the ambient Markov chain X .

  • In cases referred to in article 171 (2) of the BRR Act 2015, deposits are guaranteed beyond EUR 100,000, in which case they are guaranteed up to EUR 2,500,000.

  • The BRR Act 2015 provides for certain resolution measures, including the power to impose in certain circumstances a suspension of activities.

  • In light of this fact, Mr. Zambetti agreed to change the license type he is applying for from an E-2 to an E-1.

  • If, for instance, a depositor holds a savings account with EUR 90.000 and a current account with EUR 20,000, he or she will only be repaid EUR 100,000.Client’s liabilities towards the Bank are taken into account when calculating the repayable amount.In cases referred to in article 171 (2) of the BRR Act 2015, deposits are guaranteed beyond EUR 100,000, in which case they are guaranteed up to EUR 2,500,000.

  • The BRRD was implemented by the Luxembourg act dated 18 December 2015 (the BRR Act 2015).


More Definitions of BRR Act 2015

BRR Act 2015 means the Luxembourg act dated 18 December 2015 on the failure of credit institutions and certain investment firms, as amended, which has implemented the BRRD into Luxembourg law.
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Related to BRR Act 2015

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Anti-Bribery Law means any Applicable Law that relates to bribery or corruption, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000, in each case as amended, re-enacted or replaced from time to time;

  • Anti-Bribery Laws means the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977, as amended, and all other applicable anti-corruption and bribery Laws (including the U.K. Xxxxxxx Xxx 0000, and any rules or regulations promulgated thereunder or other Laws of other countries implementing the OECD Convention on Combating Bribery of Foreign Officials).

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.