Examples of CRD V Directive in a sentence
The determination of the maximum distributable amount is particularly complex and is subject to considerable uncertainty and may be affected by the transposition of Articles 104a and 104b of the CRD V Directive into Swedish regulations, which may lead to Swedbank being subject to restrictions on distributions under the Notes in the event of breach of its Pillar 2 as well as its Pillar 1 requirements, whereas currently only a breach of the Pillar 1 requirements leads to such restrictions.
The CRD V Directive has been implemented under French law by an ordinance n°2020-1635 dated 21 December 2020 and a decree n°2020-1637 dated 22 December 2020.
Certain portions of the CRD Directive and the CRD V Directive have already been transposed into Swedish law and other portions will require transposition into Swedish law.
The amendments set forth in the provisions aim to incorporate the new elements introduced on the matter by the CRD V (Directive 2019/878/EU) and the European Banking Authority’s Guidelines implementing the Directive (“EBA Guidelines”).
Distributions referred to in Article 141(2) of the CRD V Directive include dividends, payments, distributions and write-up amounts on all Tier 1 instruments (including the Notes and other Additional Tier 1 instruments), and certain bonuses paid to employees.