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.
Sample 1Sample 2Sample 3
EU BRRD means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms, as amended;
Sample 1Sample 2
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.
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.

  • 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.

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

  • It was noted that the deadline for transposing the EU BRRD into national law had passed on 31 December 2014 (to apply from 1 January 2015) and that the deadline for applying the bail-in tool provisions is 1 January 2016.

  • 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.

  • Such part of the EU BRRD forms part of retained EU law in the UK pursuant to the EUWA and the UK implementing measures thereunder (as amended, UK BRRD, and together with the EU BRRD referred to herein as BRRD).

  • As per FSB commitments, almost all foreign G-SIB home jurisdictions have put in place regulations or have regulatory proposals under development to require contractual clauses in QFCs governed by foreign law (non-EU law in the case of the EU BRRD).

  • As well as decreasing regulatory differences across member states in the EU, BRRD also directly impacts the market for junior debt in two ways: it creates a clearer hierarchy of which asset classes take losses first in a bail-in situation.

  • Subject to the views of national resolution authorities or relevant EU official bodies, underwriters subject to Article 55 of the EU BRRD need to start including a “contractual recognition of EU bail-in” clause in any relevant new or materially amended English law- governed contract after the end of the Brexit transition period (i.e. from 1 January 2021).


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) 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
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

Related to EU BRRD

  • EU GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC.

  • EUWA means the European Union (Withdrawal) Act 2018, as amended.

  • ug/l means micrograms per liter.

  • Major European Country means any of France, Germany, Italy, Spain or the United Kingdom.

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

  • EUA or “Extended Use Agreement” means, with respect to the HC Program, an agreement which sets forth the set-aside requirements and other Development requirements under the HC Program.

  • Approved clinical trial means a phase I, phase II, phase III, or phase IV clinical trial that is conducted in relation to the prevention, detection, or treatment of cancer or other life-threatening disease or Condition and is described in any of the following:

  • Major European Countries means France, Germany, Italy, Spain and the United Kingdom.

  • BRRD II means Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC.

  • NZOC means the New Zealand Olympic Committee Incorporated.

  • Licensed clinical social worker means an individual who meets the licensed clinical social worker requirements established in KRS 335.100.

  • Major EU Country Major EU Country means France, Germany, Italy, Spain or the United Kingdom.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • Phase 4 Clinical Trial means a Clinical Trial of a Product conducted after Regulatory Approval of such Product has been obtained from an appropriate Regulatory Authority, which trial is (a) conducted voluntarily by a Party to enhance marketing or scientific knowledge of the Product, or (b) conducted due to a request or requirement of a Regulatory Authority.

  • EU means the European Union.

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • MFDA means the Mutual Fund Dealers Association of Canada;

  • Quality Management System means a set of interrelated or interacting elements that organisations use to direct and control how quality policies are implemented and quality objectives are achieved;

  • Phase III Clinical Trials means a Clinical Trial for the Product on sufficient numbers of patients to generate safety and efficacy data to support Regulatory Approval in the proposed therapeutic indication, conducted in accordance with current good clinical practices and in accordance with a protocol that has been reviewed by the FDA and reflects any comments or concerns raised by the same.

  • 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.

  • CFDA means the Code of Federal Domestic Assistance assigned to a federal grant.

  • ESPD means the European Single Procurement Document completed by the Contractor and sent to the Authority on 13 September 2018.

  • Pivotal Clinical Trial means a human clinical trial in any country that is prospectively designed to generate data intended to satisfy the requirements of 21 C.F.R. § 312.21(c) (as amended) in the U.S. or a similar clinical study prescribed by a Regulatory Authority from another country, from time to time, pursuant to Applicable Law.