SRM Regulation II definition

SRM Regulation II means Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 806/2014 as regards the loss-absorbing and recapitalization capacity of credit institutions and investment firms.
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SRM Regulation II means Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 806/2014 as regards the loss-absorbing and recapitalization capacity of credit institutions and investment firms. The public deed of issuance (escritura de emisión) related to the 2026 Fixed Rate Notes represented hereby was executed on March 24, 2021 before Mr. Xxxxxx Xxxx-Gallardón Xxxxxx de la Rasilla with the number 1433 of his records.
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SRM Regulation II means Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 806/2014 as regards the loss-absorbing and recapitalization capacity of credit institutions and investment firms. The exercise of the Bail-in Power by the Relevant Resolution Authority with respect to the 2030 Fixed Rate Notes shall not constitute an event of default and the terms and conditions of the 2030 Fixed Rate Notes shall continue to apply in relation to the residual principal amount of, or outstanding amount payable with respect to, the 2030 Fixed Rate Notes subject to any modification of the amount of distributions payable to reflect the reduction of the principal amount, and any further modification of the terms that the Relevant Resolution Authority may decide in accordance with applicable laws and regulations relating to the resolution of credit institutions, investment firms and/or Company entities incorporated in the relevant member state. No repayment or payment of Amounts Due, if any, on the 2030 Fixed Rate Notes, will become due and payable or be paid after the exercise of any Bail-in Power by the Relevant Resolution Authority if and to the extent such amounts have been reduced, converted, cancelled, amended or altered as a result of such exercise. By its acquisition of this Note, each Holder of this Note, (which, for the purposes of this clause, includes each holder of a beneficial interest in this Note), to the extent permitted by the Trust Indenture Act, will waive any and all claims, in law and/or in equity, against the Trustee for, agree not to initiate a suit against the Trustee in respect of, and agree that the Trustee will not be liable for, any action that the Trustee takes, or abstains from taking, in either case in accordance with the exercise of the Bail-in Power by the Relevant Resolution Authority with respect to this Note. Additionally, by its acquisition of this Note, each Holder of this Note acknowledges and agrees that, upon the exercise of the Bail-in Power by the Relevant Resolution Authority:
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Examples of SRM Regulation II in a sentence

  • Under BRRD II and SRM Regulation II, MREL requirements will become stricter, in particular with regard to the eligibility of debt instruments for MREL purposes and with regard to possible subordination requirements.On 20 February 2020, Commerzbank was informed of a new formal MREL requirement from the SRB and an implementing decision by BaFin.

  • Although CRR II and SRM Regulation II are directly applicable in each EU Member State, they provide for important interpretational issues to be further specified through binding technical standards and/or delegated legal acts and through guidelines and leave certain other matters to the discretion of the competent authority.

  • Under BRRD II and SRM Regulation II, MREL requirements will become stricter, in particular with regard to the eligibility of debt instruments for MREL purposes and with regard to possible subordination requirements.On 24 May 2022, Commerzbank was informed of a new formal MREL requirement from the SRB and an implementing decision by BaFin.

  • Under BRRD II and SRM Regulation II, MREL requirements will become stricter, in particular withregard to the eligibility of debt instruments for MREL purposes and with regard to possible subordination requirements.On 20 February 2020, Commerzbank was informed of a new formal MREL requirement from the Single Resolution Board ("SRB") and an implementing decision by BaFin.

  • In addition, an amendment to the MREL framework under the SRM Regulation II includes certain supervisory powers conferred to the Single Resolution Board ("SRB") which, when into force, would allow the SRB to, for example, prohibit payments on Additional Tier 1 Instruments.

  • In addition, an amendment to the MREL framework under the SRM Regulation II includes certain supervisory powers conferred to the Single Resolution Board which, when into force, would allow the Single Resolution Board to, for example, prohibit payments on Additional Tier 1 Instruments.

  • Subject to the requirements under the SRM Regulation II, the SRB may impose upon the Issuer a prohibition under which it would be prohibited to distribute more than the 'maximum distributable amount related to the minimum requirement for own funds and eligible liabilities' ("M-MDA") pursuant to the MREL framework of the SRM Regulation II.

  • Subject to the requirements under the SRM Regulation II, the Single Resolution Board may impose upon the Issuer a prohibition under which it would be prohibited to distribute more than the 'maximum distributable amount related to the minimum requirement for own funds and eligible liabilities' ('M-MDA') pursuant to the MREL framework of the SRM Regulation II.

  • Under BRRD II and Regulation (EU) 2019/877 (SRM Regulation II), a number of changes will be introduced to align MREL with the FSB’s standard relating to total loss-absorb- ing capacity (TLAC).

  • Under BRRD II and SRM Regulation II, MREL requirements will become stricter, in particular with regard to the eligibilitiy of debt instruments for MREL purposes and with regard to possible subordination requirements.On 20 February 2020, Commerzbank was informed of a new formal MREL requirement from the Single Resolution Board ("SRB") and an implementing decision by BaFin.


More Definitions of SRM Regulation II

SRM Regulation II means Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 806/2014 as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms, as amended or replaced from time to time;
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SRM Regulation II means Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 806/2014 as regards the loss-absorbing and recapitalization capacity of credit institutions and investment firms. No repayment or payment of Amounts Due, if any, on this Euro Note, shall be or become due and payable or be paid after the exercise of any Bail-in Power by the Relevant Resolution Authority if and to the extent such amounts have been reduced, converted, cancelled, amended or altered as a result of such exercise. For the avoidance of doubt, the potential write-down or cancellation of all or a portion of the Liquidation Preference of—or Distributions on—this Euro Note or the conversion of this Euro Note into Common Equity Tier 1 instruments, other security or other obligations in connection with the exercise of any Bail-in Power by the Relevant Resolution Authority is separate and distinct from a conversion following a Trigger Event although these events may occur consecutively. Neither a reduction or cancellation, in part or in full of the Amounts Due on, the conversion thereof into another security or obligation of the Company or another person, as a result of the exercise of the Bail-in Power by the Relevant Resolution Authority with respect to the Company, nor the exercise of the Bail-in Power by the Relevant Resolution Authority with respect to the Euro Notes will be an Enforcement Event. By its acquisition of this Euro Note, each Holder of this Euro Note (which, for these purposes, include each Holder of a beneficial interest in this Euro Note), to the extent permitted by the Trust Indenture Act of 1939, as amended (“Trust Indenture Act”), will waive any and all claims, in law and/or in equity, against the Trustee for, agree not to initiate a suit against the Trustee in respect of, and agree that the Trustee will not be liable for, any action that the Trustee takes, or abstains from taking, in either case in accordance with the exercise of the Bail-in Power by the Relevant Resolution Authority with respect to this Euro Note. Additionally, by its acquisition of this Euro Note, each Holder of this Euro Note acknowledges and agrees that, upon the exercise of the Bail-in Power by the Relevant Resolution Authority:
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Related to SRM Regulation II

  • 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).

  • AIFM Regulation means Commission Delegated Regulation (EU) No. 231/2013.

  • CDM Regulations means the Construction (Design and Management) Regulations 2015;

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

  • Regulation CF means Regulation Crowdfunding promulgated under the Securities Act.

  • SEBI Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 together with the circulars issued thereunder, including any statutory modification(s) or re-enactment(s) thereof for the time being in force.

  • the 1997 Regulations means the Zebra, Pelican and Puffin Pedestrian Crossing Regulations 1997.

  • PPPFA Regulations means the Preferential Procurement Regulations, 2017 published in terms of the PPPFA.

  • the 2000 Regulations means the Water Supply (Water Quality) Regulations 2000(b); "the 2001 Regulations" means the Water Supply (Water Quality) Regulations 2001(c);

  • the 2001 Regulations means the Water Supply (Water Quality) Regulations 2001[63];

  • Market Abuse Regulation means Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, as amended or replaced from time to time;

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

  • HIPAA Regulations means the regulations promulgated under HIPAA by the United States Department of Health and Human Services, including, but not limited to, 45 C.F.R. Part 160 and 45 C.F.R. Part 164.

  • Land Use Regulations means all federal, state and local laws, rules, regulations, ordinances and plans relating to or governing the use or development of land in the City, including but not limited to environmental, zoning and building code laws and regulations.

  • Regulations D, T, U and X” means, respectively, Regulations D, T, U and X of the Board of Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time.

  • the 2007 Regulations means the Civil Enforcement of Parking Contraventions (England) General Regulations 2007;

  • ISA Regulations means The Individual Savings Account Regulations 1998, as amended or replaced from time to time.

  • FRB Regulation D means Regulation D as promulgated by the Board of Governors of the Federal Reserve System, 12 CFR Part 204, as amended.

  • CRD IV Regulation means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms of the European Parliament and of the Council of 26 June 2013, as the same may be amended or replaced from time to time.

  • TUPE Regulations means the Transfer of Undertakings (Protection of Employment) Regulations 2006, as amended.

  • Regulation E includes specific rules for all parties involved governing the issuance and use of Debit Cards and the processing of On-line Debit Card Transactions.

  • Applicable water quality standards means all water quality standards to which a discharge is subject under the federal Clean Water Act and which has been (a) approved or permitted to remain in effect by the Administrator following submission to the Administrator pursuant to Section 303(a) of the Act, or (b) promulgated by the Director pursuant to Section 303(b) or 303(c) of the Act, and standards promulgated under (APCEC) Regulation No. 2, as amended.

  • the 2012 Regulations means the Council Tax Reduction Schemes (Prescribed Requirements) (England) Regulations 2012;

  • General Regulations means the Charitable Incorporated Organisations (General) Regulations 2012.

  • OHS Regulation means the Workers Compensation Act (British Columbia), including without limitation, the Occupational Health & Safety Regulation (BC Regulation 296/97, as amended by BC Regulation 185/99) enacted pursuant to such Act, all as such Act or Regulations are amended or re-enacted from time to time.

  • Regulation A means Regulation A of the Federal Reserve Board as in effect from time to time.