Single Resolution Mechanism Regulation definition

Single Resolution Mechanism Regulation means Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a single resolution mechanism and a single resolution fund, as amended from time to time, and notably, by Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 as regards the loss- absorbing and recapitalisation capacity of credit institutions and investment firms;
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Single Resolution Mechanism Regulation or “SRM Regulation” means Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund.
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Single Resolution Mechanism Regulation means Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (as amended from time to time, including by Regulation (EU) 2019/877 dated 20 May 2019);
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Examples of Single Resolution Mechanism Regulation in a sentence

  • Both Directive 2014/59/EU (the Bank Recovery and Resolution Directive – BRRD) and Regulation (EU) No 806/2014 (the Single Resolution Mechanism Regulation – SRMR) contain provisions on the possible use of DGS funds in resolution.

  • Pursuant to the Single Resolution Mechanism Regulation, the Relevant Resolution Authority has the power to place an institution in resolution at the time the resolution authority determines that (i) the institution individually, or the group to which it belongs, is failing or likely to fail, (ii) there is no reasonable prospect that private action would prevent the failure and (iii) resolution action is necessary in the public interest.

  • It may yet not be excluded that, in certain circumstances, the application of the Bail-In Tool to the Issuer and to the Notes could be considered as necessary in the public interest within the meaning of the BRRD and the Single Resolution Mechanism Regulation.

  • The requirements of the SRM are set out in the Single Resolution Mechanism Regulation (Regulation (EU) No. 806/2014 of 15 July 2014) (the “SRM Regulation”) and the Banking Recovery and Resolution Directive (Directive 2014/59/EU) (“BRRD”).

  • This would go beyond central bank oversight expectations, mechanisms under the Bank Recovery and Resolution Directive (BRRD)23 or the Single Resolution Mechanism Regulation (SRMR) or payment systems rules.The Commission will also investigate whether additional measures should be taken to address other specific risks, such as money laundering, terrorist financing and related predicate offences.

  • Banking Union The Presidency will oversee all the necessary arrangements for a successful start-up of the Single Supervisory Mechanism, due to take place in November 2014; it will be looking closely at the pro- cess of establishing the Single Resolution Board, which could start as soon as the Single Resolution Mechanism Regulation is published, as well as the process of ratification of the related Intergo- vernmental Agreement by the participating Member States.

  • Comprehensive strategic planning will utilize these perspectives and insights to determine the most effective strategies and interventions to address these needs through the programs and services the LEA implements with its ESSER III funds.

  • The Issuer is also subject to the Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 (Single Resolution Mechanism Regulation, SRM Regulation or SRMR) which sets out uniform rules and procedures for the resolution of credit institutions and certain investment firms under the Single Resolution Mechanism (SRM) and the Single Resolution Fund.

  • Relevant Resolution Authority means the Autorité de contrôle prudentiel et de résolution, the Single Resolution Board established pursuant to the Single Resolution Mechanism Regulation, and/or any other authority entitled to exercise or participate in the exercise of any powers under the BRRD II from time to time (including the Council of the European Union and the European Commission when acting pursuant to Article 18 of the Single Resolution Mechanism Regulation).

  • The Issuer, as member of a banking group subject to the Orderly Resolution Plan, which was adopted prior to the entry into force of the BRRD and the Single Resolution Mechanism Regulation, is not excluded from the scope of the BRRD and the Single Resolution Mechanism Regulation.

Related to Single Resolution Mechanism Regulation

  • Staff Vetting Procedure means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • unanimous resolution means, subject to subsection (3), a resolution-

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Manual Load Dump Action means an Operating Instruction, as defined by NERC, from PJM to shed firm load when the PJM Region cannot provide adequate capacity to meet the PJM Region’s load and tie schedules, or to alleviate critically overloaded transmission lines or other equipment.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • EU Regulation means a regulation within the meaning of Article 288 of the Treaty on the Functioning of the European Union;

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • SRM Regulation means Regulation (EU) No. 806/2014 of the European Parliament and of the Council of 15 July 2014, establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of the Single Resolution Mechanism and the Single Resolution Fund and amending Regulation (EU) No. 1093/2010, as amended or replaced from time to time (including by the SRM Regulation II).

  • Dispute Resolution Procedure means the procedure for resolution of Disputes set forth in Article 26;

  • Written Procedure means the written or electronic procedure for decision making among the Bondholders in accordance with Clause 18 (Written Procedure).

  • Alternative modes of instruction means modes of pupil instruction, other than in-person instruction, that may include, without limitation, partnerships with other districts or intermediate districts or community colleges or institutions of higher education, use of vendors, use of online learning, telephone communications, email, virtual instruction, videos, slideshows, project-based learning, use of instructional packets, or a hybrid of multiple modes of learning that still promote recommended practices for social distancing to mitigate the spread of COVID-CD.

  • Variation Procedure means the procedure for carrying out a Variation as set out in Clause 19.1 (Variation Procedure);

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.