UK Banking Act definition

UK Banking Act means the UK Banking Act 2009 (as amended) of the United Kingdom.DESCRIPTION OF THE ORDINARY SHARES
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UK Banking Act means the United Kingdom’s Banking Xxx 0000, as amended;
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UK Banking Act means the UK Banking Act 2009 (as amended) of the United Kingdom.
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Examples of UK Banking Act in a sentence

  • In the United Kingdom, the majority of the requirements of the BRRD have been implemented into national law through the UK Banking Act (and relevant statutory instruments).

  • There is a risk that Notes issued by the Issuer maybe subject to the intervention tools under Directive 2014/59/EU (the "Recovery and Resolution Directive" or "RRD") as implemented in the United Kingdom by the UK Banking Act 2009 (the "Banking Act").

  • The majority of the requirements of the BRRD have been implemented in the UK through the UK Banking Act 2009, as amended and related statutory instruments (together, the "UK Banking Act").

  • In addition, the UK resolution authority is empowered to modify contractual arrangements, suspend enforcement or termination rights that might otherwise be triggered and disapply or modify laws in the UK (with possible retrospective effect) to enable the recovery and resolution powers under the UK Banking Act to be used effectively.

  • The exercise of any of these actions in relation to the Issuer could materially adversely affect the value of any Notes Under the UK Banking Act, substantial powers are granted to HM Treasury, the Bank of England, the Financial Conduct Authority and the Prudential Regulation Authority (the “PRA”) (together, the “Authorities”) as part of a special resolution regime (the “SRR”).

  • Its stated aim is to provide national "resolution authorities" with powers and tools to address banking crises pre- emptively in order to safeguard financial stability and minimise taxpayers' exposure to losses.The majority of the requirements of the BRRD have been implemented in the UK through the UK Banking Act 2009, as amended and related statutory instruments (the "UK Banking Act").

  • In addition, under the BRRD, which has been implemented in the UK through the UK Banking Act, the UK has provided the Bank of England with the necessary powers to resolve the London branch of a third country entity (such as the Issuer’s London branch) that is not subject to third country resolution action (including resolution proceedings of the Canadian authorities), or where the Authorities have refused to recognize or enforce third country resolution action.

  • In addition, the resolution authority is empowered to modify contractual arrangements, suspend enforcement or termination rights that might otherwise be triggered and disapply or modify laws in the UK (with possible retrospective effect) to enable the recovery and resolution powers under the UK Banking Act to be used effectively.

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  • Even though Marex Group plc is not a bank, the Group is nevertheless subject to the UK Banking Act due to its regulated subsidiaries, such as Marex Financial.


More Definitions of UK Banking Act

UK Banking Act means the UK Banking Act 2009, as amended or re-enacted from time to time, and any orders, regulations, rules or instruments made thereunder.
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UK Banking Act means the United Kingdom’s Banking Act 2009, as amended;
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Related to UK Banking Act

  • Banking Act means the UK Banking Act 2009, as amended.

  • Federal banking agencies means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance Corporation.

  • Central Bank UCITS Regulations means the Central Bank (Supervision and Enforcement)

  • National Housing Act means the National Housing Act (Canada), a federal law that promotes the construction of new houses and the repair and modernization of existing houses. CMHC provides mortgage default insurance under this law.

  • UK Bribery Act means the Xxxxxxx Xxx 0000 of the United Kingdom, as amended, and the rules and regulations thereunder.

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Central Bank Regulations means the Central Bank (Supervision and Enforcement) Act 2013

  • Federal act means the federal laws and regulations that

  • Appropriate Federal Banking Agency means the “appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision.

  • Bank Act means the Bank Act (Canada);

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.