Applicable Supervisory Regulations definition

Applicable Supervisory Regulations means the provisions of bank supervisory laws and any regulations and other rules thereunder applicable from time to time (including, but not limited to, the BRRD, the CRD, the CRR and the guidelines and recommendations of the European Banking Authority and/or the European Central Bank, the administrative practice of any competent authority, any applicable decision of a court and any applicable transitional provisions) relating to capital adequacy, solvency, other prudential requirements and/or resolution and applicable to the Issuer and/or the banking group to which the Issuer belongs from time to time.

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Applicable Supervisory Regulations means such insurance supervisory laws, rules and regulations relating to group supervision or the supervision of single insurance entities, as applicable, which are applicable to the Company or the Insurance Group, and which shall initially mean the Group Rules until such time when the BMA no longer has jurisdiction or responsibility to regulate the Company or the Insurance Group.

Applicable Supervisory Regulations means, at any time, any requirements under laws and any regulations, requirements, standards, guidelines, policies or other rules thereunder applicable from time to time (including, but not limited to, the guidelines and decisions of the European Banking Authority, the European Central Bank, the Competent Authority, the Single Resolution Board and/or the Resolution Authority, the administrative practice of any such authority, any applicable decision of a court and any applicable transitional provisions) relating to prudential requirements and/or resolution and applicable to the Issuer, on an individual and/or (sub-) consolidated basis, as the case may be, from time to time, including but not limited to the provisions of the BWG, the BaSAG, the IO, the BRRD, the SRM Regulation, the CRD, the CRR and the SSM Regulation, or such other law, regulation or directive as may come into effect in place thereof, as applicable to the Issuer on an individual and/or (sub-) consolidated basis, as the case may be, at the relevant time.

Examples of Applicable Supervisory Regulations in a sentence

• Notwithstanding any other provision of this § 3, no substitute or successor rate or adjustment factor will be adopted, nor will any other amendment be made pursuant to § 3(3) if and to the extent that, in the determination of the Issuer, the same could reasonably be expected to prejudice the qualification of the Notes as Tier 2 capital (as defined in the Applicable Supervisory Regulations) for the purposes of the Applicable Supervisory Regulations.

• Any repurchase of the Preference Shares by the Company or its subsidiaries occurring prior to November 30, 2029 shall be subject to BMA Approval (provided that, if under the Applicable Supervisory Regulations, BMA Approval is not required at the time in order for the Preference Shares to qualify or continue to qualify as Tier 2 capital securities under then-applicable Capital Adequacy Regulations imposed upon the Company by the BMA, such BMA Approval shall not be required).

• Any redemption of the Preference Shares occurring prior to November 30, 2029 as provided for in Sections 7(a)(2), 7(a)(3), 7(a)(4) and 7(a)(5) shall be subject to BMA Approval (provided that, if under the Applicable Supervisory Regulations, BMA Approval is not required at the time in order for the Preference Shares to qualify or continue to qualify as Tier 2 capital securities under then-applicable Capital Adequacy Regulations imposed upon the Company by the BMA, such BMA Approval shall not be required).

• Additionally, dividends on the Series B Preference Shares will not be declared, paid or set aside for payment if the Company is, or after giving effect to such act would be, in breach of the Insurance Act, the Companies Act, the Insurance (Eligible Capital) Rules 2012, the Group Solvency Standard, including the Enhanced Capital Requirement, or under such other Applicable Supervisory Regulations or other applicable laws, rules and regulations.

• The Subordinated Notes shall exclude any other form of capital instrument which may be considered either “Tier 1-ancillary capital”, “Tier 1-basic capital”, “Tier-2 basic capital”, “Tier-3 basic capital” and “Tier 3-ancillary capital” as those terms are set out in the Applicable Supervisory Regulations (or, if the Applicable Supervisory Regulations do not refer to such terms, the nearest corresponding concepts (if any) under the Applicable Supervisory Regulations).

More Definitions of Applicable Supervisory Regulations

Applicable Supervisory Regulations means such insurance supervisory laws, rules and regulations relating to group supervision or the supervision of single insurance entities, as applicable, which are applicable to the Company or the Insurance Group, and which shall initially mean the Group Supervision Rules until such time when the BMA no longer has jurisdiction or responsibility to regulate the Company or the Insurance Group.

Applicable Supervisory Regulations means, at any time, any requirements of Austrian law or contained in the regulations, requirements, guidelines or policies of the Competent Authority, the European Parliament and/or the European Council, then in effect in Austria and applicable to the Issuer and the Erste Group, including but not limited to the provisions of the Austrian Banking Act, the CRD IV, the CRR and the CDR in each case as amended from time to time, or such other law, regulation or directive as may come into effect in place thereof.

Applicable Supervisory Regulations means the solvency margin, capital adequacy regulations, capital requirements or any other regulatory capital rules including the Solvency II Directive and any laws or regulations implementing the Solvency II Directive (including the guidelines and recommendations of the European Insurance and Occupational Pensions Authority), as applied and construed by the Relevant Supervisory Authority or an official application or interpretation of those regulations including a decision of a court or tribunal from time to time in effect in France (or if the Issuer becomes domiciled in a jurisdiction other than France, such other jurisdiction) and applicable to the Issuer and its Group, which would lay down the requirements to be fulfilled by financial instruments for inclusion in “tier two” own funds regulatory capital (or whatever terminology is employed to denote such concept).

Applicable Supervisory Regulations means the provisions of insurance supervisory laws (including the Solvency II Directive), and any rules and regulations thereunder (including the administrative practice of the Competent Supervisory Authority and any applicable decision of a court) for single solvency purposes or group solvency purposes applicable to the Issuer or the Parent's Group, from time to time.

Applicable Supervisory Regulations means the provisions of insurance supervisory laws (including the Insurance Act, the Solvency II Directive or any other future directive(s), as well as any directly applicable provisions of European Union law) and any regulations and rules thereunder (including the applicable guidelines and recommendations of the European Insurance and Occupational Pensions Authority, the administrative practice of the Competent Supervisory Authority and any applicable decision of a court including any future grandfathering provisions) for solvency purposes of the Issuer and for group solvency purposes of the Triglav Group as applicable from time to time.

Applicable Supervisory Regulations means the provisions of insurance supervisory laws (including the Solvency II Directive and the Delegated Regulation) and any rules and regulations thereunder (including the administrative practice and any other actions or decisions of the Competent Supervisory Authority (as defined below), any applicable decision of a court and any transitional provisions) which are applicable, at the relevant time, to the solvency of the Issuer on an individual basis, and the group solvency of the Parent's Group (if and to the extent it is subject to supervision for group solvency purposes). These include the rules and regulations with respect to the group solvency and capital adequacy of internationally active insurance groups (IAIG).

Applicable Supervisory Regulations means the provisions of insurance supervisory laws and any rules and regulations thereunder (including the guidelines and recommendations of the European Insurance and Occupational Pensions Authority, the administrative practice of the Competent Supervisory Authority and any applicable decision of a court) for the single solvency of the Issuer and the Group solvency purposes.