Examples of MREL Requirements in a sentence
The term "Securities" shall, in the event of such increase, also comprise all additionally issued Securities.(2) Repurchase: The Issuer shall be entitled at any time to purchase Securities in the market or otherwise and at any price subject to compliance with the then applicable MREL Requirements (including, without limitation, having obtained the prior permission of the competent supervisory authority or the resolution authority, if required).
For avoidance of doubt, any Variation pursuant to § 9 (3) of the General Conditions is subject to compliance by the Issuer with any conditions prescribed by the MREL Requirements at the relevant time, including, as relevant, the condition that the Issuer has obtained the prior permission of the Relevant Resolution Authority.
If they are not MREL eligible liabilities (or if they initially are MREL eligible liabilities and subsequently become ineligible due to a change MREL Requirements), then a MREL Disqualification Event will occur, if so specified in the relevant Final Terms.
However, as the EU Banking Reform has only recently came into force, there may be uncertainty regarding the interpretation of the MREL Requirements, and the Issuer cannot provide any assurance that the Senior Preferred Notes will be or remain MREL eligible liabilities.
Risks relating to Senior Preferred Notes The qualification of the Senior Preferred Notes as MREL eligible liabilities is subject to uncertainty Senior Preferred Notes are intended to be MREL eligible liabilities under the MREL Requirements.