EU Risk Retention Requirements definition

EU Risk Retention Requirements. Collectively, the EU Securitization Regulation together with any implementing laws or regulations in force in any Member State of the European Union as of the Closing Date, any relevant regulatory and/or implementing technical standards adopted by the European Commission in relation thereto, any relevant regulatory and/or implementing technical standards applicable in relation thereto pursuant to any transitional arrangements made pursuant to the EU Risk Retention Requirements, and, in each case, any relevant guidance published in relation thereto by the European Banking Authority or the European Securities and Markets Authority (or, in either case, any predecessor authority) or by the European Commission.
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EU Risk Retention Requirements means Article 6 of the Securitisation Regulation, including any implementing regulation, technical standards and official guidance related thereto.
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EU Risk Retention Requirements means the requirements of Article 6 of the EU Securitisation Regulation, together with any guidance published in relation thereto by the European Banking Authority, including any regulatory and/or implementing technical standards, provided that any reference to the EU Risk Retention Requirements shall be deemed to include any successor or replacement provisions of Article 6 of the EU Securitisation Regulation included in any European Union directive or regulation.
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Examples of EU Risk Retention Requirements in a sentence

  • If Nationwide Building Society (“Nationwide”) sells one or more new residential mortgage loans and their related security to the mortgages trustee pursuant to the terms of the mortgage sale agreement, the EU Risk Retention Requirements will apply in respect of the notes and Nationwide, in its capacity as originator, (i) on or immediately following the relevant sale date, will retain, on an on-going basis, a material net economic interest of not less than 5 per cent.

  • The EU Risk Retention Requirements require, amongst other things , an EU-regulated credit institution or investment firm to only invest in asset -backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU -regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.

  • If Nationwide Building Society (“Nationwide”) sells one or more new residential mortgage loans and their related security to the mortgages trustee pursuant to the terms of the mortgage sale agreement, the EU Risk Retention Requirements will apply in respect of the notes and Nationwide, in its capacity as originator, (i) on or immediately following the relevant sale date, will retain, on an on -going basis, a material net economic interest of not less than 5 per cent.

  • The EU Risk Retention Requirements require, amongst other things, an EU -regulated credit institution or investment firm to only invest in asset -backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU -regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.

  • General information (continued) Originated transactionsThe Company intends to invest in Originators (Originators or sponsors of originated credit investments- CLO’s or securitisations of pools of consumer loans including residential mortgages, credit card receivables or auto loans) which establish securitisation vehicles and retain the requisite Retention Securities in such vehicles pursuant to the EU Risk Retention Requirements and/or, in future, the U.S. Risk Retention Regulations.

  • The EU Risk Retention Requirements require, amongst other things, an EU-regulated credit institution or investment firm to only invest in asset-backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU-regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.

  • With respect to the commitment of the Retention Holder to retain a material net economic interest in the securitisation and with respect to the information to be made available by the Issuer or another relevant party (or, after the Closing Date, by the Servicer or the Cash Manager on the Issuer's behalf), please see the statements set out in the section of this Prospectus headed "EU Risk Retention Requirements".

  • The annual contract charge of $30 and the transaction charge of $10 referred to above will be adjusted to reflect changes in the Consumer Price Index in accordance with Paragraph (6) of this Rule.

  • This act distinguishes between direct and indirect forms of discrimination, whereby some forms of indirect discrimination may be justified on objective or legal grounds (section 2, AWGB).

  • Certain aspects of the EU Risk Retention Requirements are to be further specified in regulatory technical standards to be adopted by the European Commission as a delegated regulation.


More Definitions of EU Risk Retention Requirements

EU Risk Retention Requirements means the CRR Retention Requirements, the Solvency II Requirements and the AIFMD Retention Requirements. Wherever the term “Retention Requirements” appears in the 2014 Prospectus, this will be replaced by a reference to “EU Risk Retention Requirements”. (f) Risk Retention Letter
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EU Risk Retention Requirements means Article 6(3)(a) of the Securitisation Regulation, including any implementing regulation, technical standards and official guidance published in connection therewith;
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EU Risk Retention Requirements. The risk retention requirements set out in Article 6 of the EU Securitization Regulation, as in effect on the Refinancing Date.
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EU Risk Retention Requirements means collectively: (i) Articles 404 to 410 of Part Five of the European Union ("EU") Capital Requirements Regulation (Regulation (EU) No 575/2013) ("CRR"); (ii) Articles 50-56 of the EU Commission Delegated Regulation (EU) No 231/2013 on Alternative Investment Fund Managers ("AIFMR") which supplement Article 17 of Directive 2011/61/EC of the European Parliament and Council on Alternative Fund Managers ("AIFMD"), and (iii) Articles 254-257 of Commission Delegated Regulation (EU) No 2015/35, [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. which supplement Article 135(2) of Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).
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Related to EU Risk Retention Requirements

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Reporting Requirements As defined in Section 11.12.

  • Privacy Requirements shall have the meaning set forth in Section 3.19.

  • U.S. Risk Retention Rules means the federal interagency credit risk retention rules, codified at 17 C.F.R. Part 246.

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • Eligibility Requirements means, with respect to any Person, that such Person (i) has total assets (in name or under management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $250,000,000 and (ii) is regularly engaged in the business of making or owning commercial real estate loans or operating commercial mortgage properties.

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Credit Risk Retention Rules shall have the meaning set forth in Section 4.9(a).