Law 9/2012 definition

Law 9/2012 means Spanish Law 9/2012 of November 14, on the restructuring and resolution of credit institutions, as may be amended or supplemented from time to time.
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Law 9/2012 means Spanish Law 9/2012 of 14 November on Credit institutions restructuring and resolution.
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Examples of Law 9/2012 in a sentence

  • Pursuant to Directive 2001/24/EC on the reorganisation and winding up of credit institutions in EU Member States, Spanish Law 9/2012 and The Credit Institutions (Reorganisation and Winding up) Regulations 2004 of the United Kingdom, any resolution procedure under Law 9/2012 is specified to be a "reorganisation measure" for the purposes of Directive 2001/24/EC and, accordingly, will be effective in the United Kingdom as if it were part of the general law of insolvency of the United Kingdom.

  • All the transactions between the Group and its related parties were performed on an arm’s-length basis.WorldReginfo - 074ca50e-45c7-44ba-9ae5-f7f743eb0fb5At 30 June 2014, the FROB, through Banco Financiero y de Ahorros, S.A.U., held a 61.35% stake in Bankia, S.A. The FROB carries on its activity in accordance with Law 9/2012, of 14 November 2012.

  • The Restructuring Plan provided for management measures for hybrid capital instruments and subordinated debt, which have been implemented within the framework of the principles and objectives of burden sharing in the restructuring costs of financial institutions established in Law 9/2012.

  • The Ninth Additional Provision of Law 9/2012 requires credit institutions that are majority- owned by the FROB to transfer certain assets to SAREB.In November and December 2012, under Banco de España and FROB supervision, the scope of assets eligible for transfer to SAREB was determined.

  • Law 9/2012 was partially implemented by Bank of Spain Circular 7/2012, of 30 November, on minimum principal capital requirements.

  • The exercise of any power under Law 11/2015 or Law 9/2012 (including any early intervention measure before any resolution) or any suggestion of such exercise could, therefore, materially adversely affect the rights of Noteholders, the price or value of any Notes and/or the ability of the relevant Issuer and the Guarantor to satisfy their respective obligations under any Notes and the Guarantees.

  • Under Law 9/2012, Banco de España and the FROB are responsible for monitoring compliance with the Restructuring Plan and for requiring such additional measures as may be necessary to secure its implementation.

  • The new law (Law 9/2012), which has been in effect since October 2012, stipulates that banks compensate depositors up to a maximum of MOP 500,000 (USD 62,500) in case of a bank failure.

  • Instead, under Law 9/2012, institutions in Groups 1 and 2 were obliged to transfer eligible assets to SAREB.

  • The solution that European authorities came to was the creation of SAREB, an asset management company, sometimes referred to as a “bad bank.”Program DescriptionThe groundwork was laid for SAREB’s creation with the passing of Spanish Royal Decree- Law 24/2012 on August 31, 2012 (RDL 24/2012) but it wasn’t until mid-November that it was formally created and reinforced by Royal Decree 1559/2012 of November 15, 2012 and Law 9/2012 of November 14, 2012 respectively.

Related to Law 9/2012

  • Law 11/2015 means Law 11/2015 of 18 June, on recovery and resolution of credit institutions and investment firms (Ley 11/2015, de 18 de junio, de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) as amended or replaced from time to time.

  • RD 1012/2015 means Royal Decree 1012/2015, of 6 November developing Law 11/2015, as amended or superseded from time to time.

  • Solvency II Directive means Directive 2009/138/EC of the European Parliament and of the Council of the European Union of 25 November 2009 on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II);

  • CPD means verifiable continuing professional development, as described in the General Dental Council's publication of April 2000, "Lifelong Learning – Taking Dentistry Forward", and may include attendance at approved postgraduate education courses but does not include any quality improvement activities within the meaning of paragraph 40 of Schedule 1 to the National Health Service (General Dental Services) (Scotland) Regulations 2010 in respect of which he is claiming an allowance in accordance with Determination XI of this Statement;

  • NI 81-106 means National Instrument 81-106 Investment Fund Continuous Disclosure;

  • StarCompliance Code of Ethics application means the web-based application used to electronically pre-clear personal securities transactions and file many of the reports required herein. The application can be accessed via the AB network at: https://alliance-ng.starcompliance.com/.

  • NI 45-106 means National Instrument 45-106 – Prospectus and Registration Exemptions;

  • DPA 2018 means the Data Protection Act 2018;

  • Solvency II Regulation means Commission Delegated Regulation ((EU No. 2015/35).

  • NP 46-201 means National Policy 46-201 – Escrow for Initial Public Offerings.

  • LOCKHEED XXXXXX means LOCKHEED XXXXXX CORPORATION, acting through its companies or business units as identified on the face of this Contract. If a subsidiary or affiliate of LOCKHEED XXXXXX CORPORATION is identified on the face of this Contract, then "LOCKHEED XXXXXX" means that subsidiary or affiliate.

  • emissions of substances not controlled by emission limits means emissions of substances to air, water or land from the activities, either from the emission points specified in schedule 3 or from other localised or diffuse sources, which are not controlled by an emission limit.

  • NI 81-102 means National Instrument 81-102 – Investment Funds.

  • DEC means the New York State Department of Environmental Conservation.

  • PM2.5 means particulate matter with an aerodynamic diameter less than or equal to a nominal 2.5 micrometers as measured by a reference method based on 40 CFR Part 50 Appendix L and designated in accordance with 40 CFR Part 53 or by an equivalent method designated in accordance with 40 CFR Part 53.

  • NI 52-109 means National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings;

  • NI 81-107 means National Instrument 81-107 Independent Review Committee for Investment Funds;

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships (1973) as modified by the Protocol of 1978 relating thereto;

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • Date of application means the ef- fective date of an Application for Com- pensation filed with A.I.D. pursuant to§ 204.21 of this part.

  • H1, H2 etc means First Highest, Second Highest Offers etc. in Disposal Tenders means

  • Group 4 All of the Group 4 Certificates.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • the 2010 Regulations means the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010;

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.