EU CRD definition

EU CRD means: (i) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investments firms, as amended before IP completion day; and (ii) Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC, as amended before IP completion day.
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EU CRD means the Capital Requirements Directive; EU CRR means Regulation (EU) No. 575/2013 referred to as Capital Requirements Regulation; EU Data Protection Laws means any law, enactment, regulation or order transposing, implementing, adopting, supplementing or derogating from, the EU GDPR and the EU Directive 2002/58/EC in each member state of the European Union; EU EMIR or the EU European Market Infrastructure Regulation means Regulation (EU) No. 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories dated 4 July 2012 (including, without limitation, any associated regulatory technical standards and advice, guidance or recommendations from relevant supervisory regulators); EU GDPR means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation); EU MiFID II means Directive 2014/65/EU on markets in financial instruments; EU Prospectus Regulation means Regulation (EU) 2017/1129; EU Securitisation Regulation means Regulation (EU) 2017/2402 as amended, varied, superseded or substituted from time to time;
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Examples of EU CRD in a sentence

  • The coming into force of EU CRR III and the implementation of EU CRD VI may have an impact on the capital requirements in respect of the Notes and/or on incentives to hold the Notes for investors that are subject to requirements that follow the relevant framework and, as a result, may affect the liquidity and/or value of the Notes.

  • As at the date of this Prospectus, EU CRD VI has not been implemented by Member States, whereas EU CRR III has come into force on 1 January 2025.

  • The provisions of EU CRD V and EU CRR II are expected to apply in stages, which have however suffered certain delays in the recent past.

  • Moreover, on 27 October 2021 the European Commission published a legislative package containing, inter alia, proposals for amendment of the CRR and the CRD (the "EU CRR III" and the "EU CRD VI "), with the aim of concluding the implementation of the Basel III framework in the EU.

  • EU CRR III and EU CRD VI include, amongst other things, (i) a gradual introduction of the output floor establishing minimum risk-weighted assets, (ii) changes to credit valuation adjustment, (iii) changes to the standardised and internal ratings-based approaches to credit risk, (iv) adjustments to "Pillar 2 requirements", (v) "fit-and-proper" rules for banks' senior management, and (vi) ESG and climate stress-testing.

  • Upon its entry into force, EU CRD VI is expected to be implemented by the Member States within 18 months of such date, whereas with regard to EU CRR III, has come into force on 1 January 2025.