Single Supervisory Mechanism definition
Examples of Single Supervisory Mechanism in a sentence
This Agreement shall apply to the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have not deposited their instruments of ratification, approval or acceptance by the date of application under paragraph 2, as from the first day of the month following the deposit of their respective instrument of ratification, approval or acceptance.
Subject to paragraph 1 of this Article, and provided that this Agreement has entered into force in accordance with Article 11(2), it shall apply as from 1 January 2016 amongst the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have deposited their instruments of ratification, approval or acceptance by that date.
If this Agreement has not entered into force by 1 January 2016 it shall apply as from its date of entry into force, amongst the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have deposited their instruments of ratification, approval or acceptance by that date.
This Agreement shall not apply to the Contracting Parties that have deposited their instruments of ratification, approval or acceptance but that do not participate in the Single Supervisory Mechanism and in the Single Resolution Mechanism by the date of application of this Agreement.
The ECB and Authorities may develop initiatives for participating in training programmes developed by the Single Supervisory Mechanism or the Authorities with a view to sharing supervisory expertise and knowledge and promoting consistency of supervisory practices.
The arrangements will also ensure equivalent treatment across all Member States participating in the Single Supervisory Mechanism ("SSM")/Single Resolution Mechanism ("SRM"), including Member States joining at a later stage, in terms of rights and obligations and both in transition period and once a common backstop has become fully operational.
HSBC France is a banking institution based in Paris and supervised by the European Central Bank (ECB), as part of the Single Supervisory Mechanism, the French Prudential Supervisory and Resolution Authority (l’Autorité de Contrôle Prudentiel et de Résolution) (ACPR) as the French National Competent Authority and the French Financial Markets Authority (l’Autorité des Marchés Financiers) (AMF) for the activities carried out over financial instruments or in financial markets.
This Agreement shall apply to the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have not ratified, approved or accepted it by the date of application under paragraph 2, as from the first day of the month following the deposit of their respective instrument of ratification, approval or acceptance.
Subject to the above paragraph, this Agreement shall apply as from 1 January 2016 amongst the signatories participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have ratified it by that date.
If the Agreement has not entered into force by 1 January 2016 it shall apply as from its date of entry into force, amongst the signatories participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have ratified it by that date.