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EU BRRD definition

EU BRRD means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms, as amended.
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EU BRRD means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms; (iv) the term “EU Bail-in Legislation Schedule” means the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time to time at xxxx://xxx.xx.xxx/pages.aspx?p=499; (v) the term “EU BRRD Liability” means a liability in respect of which the relevant Write-down and Conversion Powers in the applicable EU Bail-in Legislation may be exercised; (vi) the term “Relevant EU Resolution Authority” means the resolution authority with the ability to exercise any EU Bail-in Powers in relation to the relevant Underwriter; and (vii) the term “EU BRRD Party” means any Underwriter that is actually or potentially subject to EU Bail-in Powers. The Company and the Guarantor acknowledge and accept that this provision is exhaustive on the matters described herein to the exclusion of any other term of this Agreement or any other agreements, arrangements or understanding between the Underwriters, the Company and the Guarantor relating to the subject matter of this Agreement.
Sample 1
EU BRRD means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms; (iv) the term “EU Bail-in Legislation Schedule” means the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time to time at xxxx://xxx.xx.xxx/pages.aspx?p=499; (v) the term “EU BRRD Liability” means a liability in respect of which the relevant Write-down and Conversion
Sample 1

Examples of EU BRRD in a sentence

  • The Bank Recovery and Resolution Directive (Directive 2014/59/EEC, as amended, "EU BRRD") and such part of the EU BRRD as it forms part of retained EU law in the UK pursuant to the European Union (Withdrawal) Act 2018 (“EUWA”) and the UK implementing measures thereunder (as amended, “UK BRRD”, and together with the EU BRRD referred to herein as “BRRD” includes measures that include giving resolution authorities power to restrict claims made against a party in resolution.

  • The EU BRRD was adopted to avoid disorderly bankruptcy and costly bail outs.

  • Any patients who have been affected by this incident will receive a letter by the end of May 2018.

  • The Bank Recovery and Resolution Directive (Directive 2014/59/EEC, as amended, “EU BRRD”) and such part of the EU BRRD as it forms part of retained EU law in the UK pursuant to the European Union (Withdrawal) Act 2018 (“EUWA”) and the UK implementing measures thereunder (as amended, “UK BRRD”, and together with the EU BRRD referred to herein as "BRRD") includes measures that include giving resolution authorities power to restrict claims made against a party in resolution.

  • At a high level, ICMA’s primary market language that catered for EU legislation (eg EU Prospectus Regulation, EU PRIIPs Regulation, EU MiFID II/R product governance regime and EU BRRD Article 55) needed to be replicated and amended to cater for the corresponding UK regimes.

  • Such list is intended to be in line with international standards, in particu- lar those in the EU (BRRD where reference is made to "financial contracts" (art.

  • Bank Recovery and Resolution Regimes The UK’s Special Resolution Regime as implemented in the Banking Act 2009 (as amended from time to time) and the EU BRRD.

  • In addition, with the transposition of the EU BRRD into national law, the BDIF’s will have the status of a priority creditor, improving the recovery rate in future bank bankruptcies.

  • Under the EU BRRD certain liabilities can be bailed in, including uninsured depositors and senior debt of any maturity (plus capital instruments), but the minimum LAC requirement can only include qualifying regulatory capital and senior debt with residual maturity of more than 1 year.

  • The Bank Recovery and Resolution Directive (Directive 2014/59/EEC, as amended, "EU BRRD") and such part of the EU BRRD as it forms part of retained EU law in the UK pursuant to the EUWA and UK implementing measures thereunder (as amended "UK BRRD, and together with EU BRRD referred to herein as "BRRD") includes measures that include giving resolution authorities power to restrict claims made against a party in resolution.


More Definitions of EU BRRD

EU BRRD means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms; (iv) “EU Covered Underwriter” means any Underwriter subject to the EU Bail-in Legislation; (v) “EU Bail-in Legislation Schedule” means the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time to time at xxxx://xxx.xxx.xx.xxx/; (vi) “EU BRRD Liability” has the same meaning as in such laws, regulations, rules or requirements implementing the EU BRRD under the applicable EU Bail-in Legislation; and (vii) “Relevant EU Resolution Authority” means the resolution authority with the ability to exercise any EU Bail-in Powers in relation to the relevant EU Covered Underwriter.
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Related to EU BRRD

  • EU GDPR means the General Data Protection Regulation ((EU) 2016/679), as it has effect in EU law.

  • EUWA means the European Union (Withdrawal) Act 2018;

  • BRRD means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms.

  • EU means the European Union.

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;

  • Phase 3 Clinical Trial means a pivotal clinical trial in humans performed to gain evidence with statistical significance of the efficacy of a product in a target population, and to obtain expanded evidence of safety for such product that is needed to evaluate the overall benefit-risk relationship of such product, to form the basis for approval of an NDA and to provide an adequate basis for physician labeling, as described in 21 C.F.R. § 312.21(c) or the corresponding regulation in jurisdictions other than the United States.

  • Pivotal Clinical Trial means (a) a Phase 3 Clinical Trial, or (b) any other Clinical Trial that is determined by the applicable Regulatory Authority (as evidenced by written correspondence from such Regulatory Authority) prior to the Initiation of such Clinical Trial to be sufficient to form the basis for Regulatory Approval of the applicable Product.

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