CB Regulations definition

CB Regulations means the applicable Dutch covered bond law and regulations relating to the legal requirements for registered covered bonds (geregistreerde gedekte obligaties) as currently included in the Wft and regulations relating thereto.

CB Regulations means the Dutch covered bonds legislation effective as of 8 July 2022 and which implements the Covered Bond Directive in the Netherlands, which is set out in the covered bond directive implementation law (Implementatiewet richtlijn gedekte obligaties) dated 15 December 2021 and the Decree, as amended from time to time.

CB Regulations means the Dutch covered bonds legislation effective as of 8 July 2022 and which implements the Covered Bond Directive in the Netherlands, which is set out in the covered bond directive implementation law (Implementatiewet richtlijn gedekte obligaties) dated 15 December 2021 and the Decree, as amended from time to time. "CRR" means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 and as amended by Regulation (EU) 2019/2160 of the European Parliament and of the Council of 29 November 2019 as regards exposures in the form of covered bonds. "Decree" means the covered bond directive implementation decree (Implementatiebesluit richtlijn gedekte obligaties) dated 24 May 2022, as amended from time to time and/or, as applicable, the articles of Besluit prudentiële regels implemented pursuant to such implementation. "Substitution Assets" means the classes of assets denominated in euro from time to time eligible under Article 129(1)(a)-(g) (but excluding (d)) of the CRR and/or the CB Regulations to collateralise covered bonds including (on the date of the latest published Base Prospectus) and subject to certain limitations:(a) exposures to or guaranteed by central governments, central banks or international organisations in accordance with Article 129(1)(a) CRR;(b) exposures to or guaranteed by public sector entities, regional governments or local authorities in accordance with Article 129(1)(b) CRR; and(c) exposures to institutions in accordance with Article129(1)(c) CRR,

Examples of CB Regulations in a sentence

• However, under the CB Regulations the registration of the Covered Bonds that have already been issued cannot be terminated.

• If a Covered Bond no longer meets the requirements prescribed by the CB Regulations, or if the Issuer would no longer comply with its ongoing administration and/or reporting obligations towards DNB as the competent regulator, DNB can take several measures, which include, without limitation, imposing an issuance-stop on the Issuer, which may be disclosed by DNB in the relevant register, and DNB has the authority to terminate the registration of the Issuer.

• Although under the CB Regulations Covered Bonds will always continue to be registered as legal covered bonds and continue to keep the Regulated Status (except for the CRR Status), there is a risk that the CRR Status of the Covered Bonds will not be maintained until redemption in full of the relevant Covered Bonds.

• Under the CB Regulations, the Covered Bonds once registered by DNB will continue to have the Regulated Status, but are capable of losing the CRR Status.

• If a Covered Bond no longer meets the requirements prescribed by the CB Regulations or the Issuer no longer complies with its ongoing administration and/or reporting obligations towards DNB, DNB can take several measures, including imposing an issuance stop on the Issuer (which may be disclosed by DNB in the relevant register) and terminating the registration of the Issuer as an issuer of covered bonds.

• Although under the CB Regulations Covered Bonds will always continue to be registered as legal covered bonds and continue to keep the Regulated Status (except for the CRR Status) there is a risk that the CRR Status of the Covered Bonds will not be maintained until redemption in full of the relevant Covered Bonds.

• Changes in the Covered Bond Directive, the CB Regulations or interpretations thereof, or different interpretations thereof, could affect the Issuer, the CBC, the market for and value of covered bonds in general and/or the Covered Bonds.

• The Issuer has under the CB Regulations applied for the Programme and the Covered Bonds issued thereunder to obtain the status of being compliant with the requirements for the legal covered bonds as set out therein (the "Regulated Status"), which includes compliance with article 52(4) of the UCITS Directive and article 129 of the CRR and the Issuer will undertake its best efforts tocontinue to comply with the CB Regulations.

• The Issuer has under the CB Regulations applied for the Programme and the Covered Bonds issued thereunder to obtain the status of being compliant with the requirements for the legal covered bonds as set out therein (the "Regulated Status"), which includes compliance of Article 52(4) of the UCITS Directive and Article 129 of the CRR and has obtained the Regulated Status for the Programme and the Covered Bonds issued.

• Although under the CB Regulations Covered Bonds will always continue to be registered as legal covered bonds and continue to keep the Regulated Status (except for the CRR Status), there is a risk that the CRR Status for other Series of Covered Bonds will not be maintained until redemption in full of the relevant non-compliant Series of Covered Bonds.

More Definitions of CB Regulations

CB Regulations means the applicable Dutch covered bond law and regulations relating to the legal requirements for registered covered bonds (geregistreerde gedekte obligaties) as amended from time to time and as currently included in the Wft and regulations relating thereto. CBC means Achmea SB Covered Bond Company B.V. or its successor or successors. CBC Acceleration Notice means a notice from the Security Trustee in writing to the CBC, copied to the Issuer, that each Covered Bond of each Series is, and each Covered Bond of each Series shall as against the Issuer (if not already due and repayable against it following an Issuer Event of Default) and, through the Guarantee, as against the CBC, thereupon immediately become, due and repayable at its Early Redemption Amount together with accrued interest as provided in the Trust Deed.

CB Regulations means the Dutch covered bonds legislation effective as of 8 July 2022 and which implements the Covered Bond Directive in the Netherlands, which is set out in the covered bond directive implementation law (Implementatiewet richtlijn gedekte obligaties) dated 15 December 2021 and the Decree, as amended from time to time.Decreemeans the covered bond directive implementation decree (Implementatiebesluit richtlijn gedekte obligaties) dated 24 May 2022, as amended from time to time.Substitution Assetsmeans the classes of assets denominated in euro from time to time eligible under Article 129(1.)(a)-(g) (but excluding (d)) of the CRR and the CB Regulations to collateralise covered bonds, subject to certain limitations, and which assets on an aggregate basis are subject to a limit of 20 per cent., or such other percentage as required from time to time to comply with the CB Regulations, of the nominal value of the Transferred Assets and which are further subject to the minimum requirements as set by the Rating Agency in its criteria at such time which apply on the basisof the then current ratings assigned to the outstanding Covered Bonds.

CB Regulations means the Dutch covered bonds legislation effective as of 8 July 2022 and which implements the Covered Bond Directive in the Netherlands,which is set out in the covered bond directive implementation law (Implementatiewet richtlijn gedekte obligaties) dated 15 December 2021 and the Decree, as amended from time to time.Substitution Assetsmeans the classes of assets denominated in euro from time to time eligible under Article 129(1)(a)-(g) (but excluding (d)) of the CRR and the CB Regulations to collateralise covered bonds, provided that the aggregate value of such eligible assets, at any time, shall not exceed in aggregate an amount equal to 20 per cent., or such other percentage as required from time to time to comply with the CB Regulations, of the aggregate nominal value of the Transferred Assets at such time.