Retention Requirement Laws means (i) Articles 404-410 of the CRR, Commission Delegated Regulation (EU) No 625/2014 of 13 March 2014 and Commission Delegated Regulation (EU) No 602/2014 of 4 June 2014; (ii) Article 17 of the European Union Alternative Investment Fund Managers Directive (Directive 2011/61/EU), as supplemented by Section 5 of Chapter III of AIFMR; (iii) any draft or final guidance and technical standards published in relation thereto from time to time by the European Banking Authority (including any successor or replacement agency or authority) and/or the European Commission; and (iv) the guidelines and related documents previously published in relation to the preceding risk retention legislation by the European Banking Authority (and/or its predecessor, the Committee of European Banking Supervisors) which continues to apply to the provisions of Articles 404-410 of the CRR.
Retention Requirement Laws means Article 405(1), the CRR and Article 17, together with the Final Draft RTS and any other applicable guidance, technical standards or related documents published by the European Banking Authority (including its predecessor, the Committee of European Banking Supervisors, and any successor or replacement agency or authority) and any delegated regulations of the European Commission (and in each case including any amendment or successor thereto).
Retention Requirement Laws. The AIFMD Retention Requirement Laws, the CRR Retention Requirement Laws and the Solvency II Retention Requirement Laws.
Examples of Retention Requirement Laws in a sentence
The Issuer agrees that it (and that the Collateral Manager on its behalf) shall not give any instruction to invest such funds other than in accordance with, or subject to an exemption from, applicable Retention Requirement Laws.
As used in this letter, the terms “material net economic interest”, “originator”, “securitisation position”, “ongoing basis”, “nominal value”, “established”, “managing”, “for its own account” and “related entities” shall have the meanings given thereto in the Retention Requirement Laws.
Furthermore, in the Intercreditor Agreement, the Originator has undertaken that prospective investors will have readily available access to all information as it would be necessary to conduct comprehensive and well informed stress tests, in accordance with the Retention Requirement Laws, as implemented from time to time.
Under the Intercreditor Agreement, the Originator has undertaken that the retention requirement is not to be subject to any credit risk mitigation, any short position or any other hedge, in compliance with the requirements set forth in the Retention Requirement Laws.
Willerup/Durrer (7/0) APPROVED THE STAFF RECOMMENDATION AS OUTLINED IN THE STAFF REPORT.
More Definitions of Retention Requirement Laws
Retention Requirement Laws means each of: (a) Articles 404-410 (inclusive) of the CRR, as supplemented by the Final RTS, (b) Article 17 of the AIFMD, as implemented by Section 5 of Chapter III (Articles 50-56) of the AIFMD Level 2 Regulation, (c) Article 135(2) of Solvency II, as implemented by Articles 254 to 257 (inclusive) of the Solvency II Level 2 Regulation, and (d) when and if it becomes applicable to the securitisation transaction contemplated by the Loan Documents, Chapter 2 (Articles 5 through 9) of the Securitisation Regulation, in each case together with any guidelines or other materials published by any of the European Supervisory Authorities (jointly or individually), or the European Central Bank (or any successor or replacement agency or authority) in relation thereto and any related regulatory or implementing technical standards or delegated regulations of the European Commission, as well as any implementing laws or regulations, policies and guidelines in effect and applicable from time to time in any EEA Member Country, and in each case including any amendments, replacements or successors thereto.
Retention Requirement Laws means the Solvency II Level 2 Regulation, the AIFMD Level 2 Regulation and Articles 404-410, together with any applicable guidelines, technical standards and related documents published by the EBA or the European Commission;
Retention Requirement Laws means (i) Articles 404-410 of the CRR, Commission Delegated Regulation (EU) No 625/2014 of 13 March 2014 and Commission Implementing Regulation (EU) No 602/2014 of 4 June 2014; (ii) Article 17 of the European Union Alternative Investment Fund Managers Directive (Directive 2011/61/EU), as supplemented by Section 5 of Chapter III of AIFMR; (iii) Article 135(2) of Directive 2009/138/EC supplementing Articles 254-257 of the Solvency II Regulation; (iv) any draft or final guidance and technical standards published in relation thereto from time to time by the European Banking Authority (including any successor or replacement agency or authority) and/or the European Commission; and (v) the guidelines and related documents previously published in relation to the preceding risk retention legislation by the European Banking Authority (and/or its predecessor, the Committee of European Banking Supervisors) which continues to apply to the provisions of Articles 404- 410 of the CRR.”
Retention Requirement Laws means, collectively, articles 405 et seq. of the Regulation EC 575/2013 (“CRR”), and Article 17 of the Directive 2011/61/EU on Alternative Investment Funds Managers (“AIFMD”), and the applicable provisions of Bank of Italy’s Circular No. 285 dated 17 December 2013, Bank of Italy’s Circular No. 288 dated 3 April 2015 and articles 51 et seq. of the AIFMR.THE PORTFOLIOPursuant to the Receivables Purchase Agreement, the Issuer has purchased the Initial Portfolio and, subject to the conditions set forth therein, shall purchase Further Portfolios from the Originator, together with any other rights of the Originator to guarantees or security interests and any related rights that have been granted to the Originator to secure or ensure payments of any of the Receivables.The Receivables comprised in the Initial Portfolio and in each Further Portfolio arise out of personal loans contracts, assisted by Salary Assignment or by a Payment Delegation, classified as at the relevant Valuation Date as performing by the Originator.The Receivables comprised in the Initial Portfolio and in each Further Portfolio will be selected on the basis of certain common objective criteria listed in Exhibit 1 to the Receivables Purchase Agreement (the “Common Criteria”). Further objective criteria (the “Additional Criteria” and, together with the Common Criteria, the “Criteria”) may be identified by the Originator from time to time to supplement the Common Criteria in the selection of any Further Portfolio.The Receivables have characteristics that taken together with the structural features of the Securitisation (including the Initial Portfolio, the Further Portfolios and the proceeds expected to be received therefrom, the Cash Reserve, the Prepayment Reserve, the Conditions of the Notes and the rights and benefits set out in the Transaction Documents) demonstrate capacity to produce funds to service any payments which become due and payable in respect of the Notes in accordance with the Conditions. However, regard should be had both to the characteristics of the Portfolio and the other assets and rights available to the Issuer under the Securitisation and the risks to which the Issuer and the Notes may be exposed. Prospective holders of the Notes should consider the detailed information set out elsewhere in this Prospectus, including without limitation under the section “Risk Factors” above.As at 3 December 2015, the aggregate of the Individual Purchase Price of all Receivables comprised...
Retention Requirement Laws means Article 122a, the CRD, Article 405(1), the CRR and Article 17, together with the Final RTS and any other applicable guidance, technical standards or related documents published by the European Banking Authority (including its predecessor, the Committee of European Banking Supervisors, and any successor or replacement agency or authority) and any delegated regulations of the European Commission (and in each case including any amendment or successor thereto).
Retention Requirement Laws means each of: (a) Articles 404-410 (inclusive) of the CRR, as supplemented by the Final RTS, together with any applicable guidance published in relation thereto by the EBA, and any other regulatory and/or implementing technical standards, (b) Article 51, (c(b) Article 17 of the AIFMD, as implemented by Section 5 of Chapter III (Articles 50-56) of the AIFMD Level 2 Regulation supplementing the AIFMD, and, (dc) Article 135(2) of Solvency II, as implemented by Articles 254 to 257 (inclusive) of the Solvency II Level 2 Regulation, including any guidance published in relation thereto and any implementing laws or regulations in force in any Member State of the European Union, including any further technical standards, any similar or successor laws (including any retention requirements applicable to UCITS funds,and (d) when and if it becomes applicable to the securitisation transaction contemplated by the Loan Documents, Chapter 2 (Articles 5 through 9) of the Securitisation Regulation, in each case together with any guidelines or other materials published by any of the European Supervisory Authorities (jointly or individually), or the European Central Bank (or any successor or replacement agency or authority) in relation thereto and any related regulatory or implementing technical standards or delegated regulations of the European Commission, as well as any implementing laws or regulations, policies and guidelines in effect and applicable from time to time in any EEA Member Country, and in each case including any amendments, replacements or successors thereto.
Retention Requirement Laws. Collectively, (i) Articles 404-410 of the EU Capital Requirements Regulation (Regulation (EU) 575/2013) as published on June 27, 2013 (the “CRR”) together with final guidance and technical standards published in relation thereto and the guidelines and related documents previously published in relation to the preceding risk retention legislation by the European Banking Authority (and/or its predecessor, the Committee of European Banking Supervisors) which continues to apply to the provisions of the CRR, and any implementing law or regulation in force in any Member State of the European Union, (ii) Articles 51-54 of the European Union Commission Delegated Regulation (EU) 231/2013 implementing Article 17 of European Union Directive 2011/61/EU on Alternative Investment Fund Manager (the “AIFMD Level 2 Regulation”), together with any applicable guidance, technical standards and related documents published by any European regulator in relation thereto and any implementing law or regulation in force in any Member State of the European Union, and (iii) Article 254-257 of European Union Commission Delegated Regulation (EU) 2015/35 implementing Article 135(2) of European Union Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance, as amended by EU Directive 2014/51/EU of 16 April 2014 (and as supplemented by Articles 254-257 of Commission Delegated Regulation (EU) 2015/35) (“Solvency II”), together with any applicable guidance, technical standards and related documents published by any European regulator in relation thereto and any implementing law or regulation in force in any Member State of the European Union.