BRR Act 2015 definition

BRR Act 2015 means the Luxembourg act of 18 December 2015 on the resolution, reorganisation and winding-up of credit institutions and certain investment firms and on deposit guarantee.
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BRR Act 2015 means the law of 18 December 2015 on the failure of credit institutions and certain investment firms (loi modifiée du 18 décembre 2015 relative à la défaillance des établissements de crédit et de certaines entreprises d’investissement;
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BRR Act 2015 means the Luxembourg act dated 18 December 2015 on the failure of credit institutions and certain investment firms, as amended, which has implemented the BRRD into Luxembourg law, as amended or replaced from time to time.
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Examples of BRR Act 2015 in a sentence

  • The BRRD was implemented by the Luxembourg act dated 18 December 2015 which was officially published on 24 December 2015 in the Luxembourg Memorial A (n° 246) of the Official Journal of the Grand-Duchy of Luxembourg (page 6000) (the "BRR Act 2015").

  • In cases referred to in article 171 (2) of the BRR Act 2015, deposits are guaranteed beyond EUR 100,000, in which case they are guaranteed up to EUR 2,500,000.

  • Liquidation means that an order is made or an effective resolution is passed for the judicial liquidation (liquidation judiciaire) of the Issuer or the voluntary liquidation (liquidation volontaire) of the Issuer, all in accordance with BRR Act 2015.

  • The BRR Act 2015 provides for certain resolution measures, including the power to impose in certain circumstances a suspension of activities.

  • The resolution tools are intended to be used prior to the point in time at which any insolvency proceedings with respect to the relevant entity could have been initiated and only upon the relevant resolution authorities, i.e. the CSSF, acting in its capacity as resolution authority for Luxembourg, being satisfied that the relevant conditions for resolution contained in articles 33 and 34 of the BRR Act 2015 have been met.

  • The exercise of any power under the BRR Act 2015 or any suggestion of such exercise could materially adversely affect the rights of Noteholders, the price or value of their investment in any Notes and/or the ability of BP2F to satisfy its obligations under any Notes.

  • The BRR Act 2015 provides for certain resolution measures, including the power to impose in certain circumstances a suspension of activities resulting in the partial or complete suspension of the performance of agreements entered into by a Luxembourg incorporated entity falling under the scope of such measures, such as BP2F.

  • In line with the BRRD, the BRR Act 2015 gives, amongst others, power to the Commission de Surveillance du Secteur Financier (the "CSSF") as the Luxembourg resolution authority (Conseil de Résolution) to implement resolution measures under the BRR Act 2015.

  • Under the BRR Act 2015, the competent authority is the Commission de surveillance du secteur financier (the "CSSF") and the resolution authority is the CSSF acting as Resolution Council (le Conseil de résolution).

  • All claims resulting from a deposit within the meaning given to such term in the BRR Act 2015 must be guaranteed by the FGDL.


More Definitions of BRR Act 2015

BRR Act 2015 means the Luxembourg act dated 18 December 2015 on the failure of credit institutions and certain investment firms, as amended, which has implemented the BRRD into Luxembourg law.
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Related to BRR Act 2015

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

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or foreign anti-corruption or anti-bribery Laws.

  • Securities Act (Ontario) means the Securities Act, R.S.O. 1990, c. S.5, as amended, and the regulations thereunder, and any comparable or successor laws or regulations thereto;

  • Anti-Bribery Law means any Applicable Law that relates to bribery or corruption, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000, in each case as amended, re-enacted or replaced from time to time;

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • Bribery means the act of unduly offering, giving, receiving or soliciting anything of value to influence the process of procuring goods or services, selecting consultants, or executing contracts.

  • Anti-Bribery Laws means the anti-bribery provisions of the Foreign Corrupt Practices Act of 1977, as amended, and all other applicable anti-corruption and bribery Laws (including the U.K. Xxxxxxx Xxx 0000, and any rules or regulations promulgated thereunder or other Laws of other countries implementing the OECD Convention on Combating Bribery of Foreign Officials).

  • BBBEE Act means the Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • WHS Act means the Work Health and Safety (National Uniform Legislation) Act 2011 (NT) and includes subordinate legislation made under that Act including regulations and approved codes of practice as well as any amendment, re-enactment or replacement of such Act ; and

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • Labour Relations Act means the Labour Relations Act, 1995 (Act No. 66 of 1995);

  • OHS Act means the Occupational Health and Safety Act 2004;

  • S.A.F.E. Act means the secure and fair enforcement for mortgage licensing act of 2008, Title V of the housing and economic recovery act of 2008 ("HERA"), P.L. 110-289, effective July 30, 2008.

  • PPS Act means the Personal Property Securities Act 2009 (Cth).

  • B-BBEE Act means the Broad-Based Black Economic Empowerment Act, 2003;

  • Fair Labor Standards Act means the Fair Labor Standards Act, 29 U.S.C. §201 et seq.