European Securitization Rules definition

European Securitization Rules means the EU Securitization Regulation and guidelines and other materials published by the European Banking Authority, the European Securities and Markets Authority and the European Commission in relation thereto.

European Securitization Rules means the European Securitization Regulation, together with all relevant implementing regulations in relation thereto, all regulatory and/or implementing technical standards in relation thereto, or applicable in relation thereto pursuant to any transitional arrangements made pursuant to the European Securitization Regulation and, in each case, any relevant guidance and directions published in relation thereto by the European Banking Authority, the European Securities and Markets Authority or the European Insurance and Occupational Pensions Authority (or, in each case, any predecessor or any other applicable regulatory authority) or by the European Commission, in each case as amended and in effect from time to time.

European Securitization Rules means the European Securitization Regulation, together with all relevant implementing regulations in relation thereto, all regulatory and/or implementing technical standards in relation thereto, or applicable in relation thereto pursuant to any transitional arrangements made pursuant to the European Securitization Regulation and, in each case, any relevant guidance and directions published in relation thereto by the European Banking Authority, the European Securities and Markets Authority or the European Insurance and Occupational Pensions Authority (or, in each case, any predecessor or any other applicable regulatory authority) or by the European Commission.

Examples of European Securitization Rules in a sentence

• SC intends to satisfy this obligation through the retention by one or more of its majority- owned affiliates (which for purposes of the European Securitization Rules will be a wholly-owned special purpose subsidiary of SC) of an “eligible horizontal residual interest” in an amount equal to at least 5% of the fair value, as of the closing date, of all of the notes and certificates to be issued by the issuing entity.

• The material terms of the notes are described in this prospectus under “The Notes,” and the material terms of the certificates are described in this prospectus under “The Sponsor—U.S. Credit Risk Retention.” SC does not intend to transfer or hedge the portion of its retained economic interest that is intended to satisfy the requirements of Regulation RR except as permitted under Regulation RR and in accordance with the European Securitization Rules.

• However, the portion of the certificates retained by the depositor to satisfy U.S. credit risk retention rules and for purposes of the European Securitization Rules will not be sold or transferred except as permitted under, or in accordance with, those rules.

• SC intends to satisfy this obligation through the retention by one or more of its majority-owned affiliates (which for purposes of the European Securitization Rules will be a wholly-owned special purpose subsidiary of SC) of an “eligible vertical interest” of at least 5% of each class of notes and certificates issued by the issuing entity.

• Players’ belief must be “correct” at equilibrium in the sense that those outcomes that are believed to be stable are in fact the only stable outcomes of the game under the belief, which means that the solution should be defined as a fixed point.∗Sakamoto: Graduate School of Economics, Kobe University (sakamoto@econ.kobe-u.ac.jp); Traeger: De- partment of Economics, the University of Oslo (christian.traeger@econ.uio.no).