EU Risk Retention Requirements definition

EU Risk Retention Requirements. Collectively, the EU Securitization Regulation together with any implementing laws or regulations in force in any Member State of the European Union as of the Closing Date, any relevant regulatory and/or implementing technical standards adopted by the European Commission in relation thereto, any relevant regulatory and/or implementing technical standards applicable in relation thereto pursuant to any transitional arrangements made pursuant to the EU Risk Retention Requirements, and, in each case, any relevant guidance published in relation thereto by the European Banking Authority or the European Securities and Markets Authority (or, in either case, any predecessor authority) or by the European Commission.
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EU Risk Retention Requirements means Article 6 of the Securitisation Regulation, including any implementing regulation, technical standards and official guidance related thereto.
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EU Risk Retention Requirements means the CRR Retention Requirements, the Solvency II Requirements and the AIFMD Retention Requirements. Wherever the term “Retention Requirements” appears in the 2014 Prospectus, this will be replaced by a reference to “EU Risk Retention Requirements”. (f) Risk Retention Letter
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Examples of EU Risk Retention Requirements in a sentence

  • NMAC has not sold, hedged or otherwise mitigated its credit risk under or associated with the Retained Interest (and has not permitted the depositor or any of its other affiliates to sell, hedge or otherwise mitigate its credit risk under or associated with the Retained Interest) except to the extent permitted in accordance with the EU Risk Retention Requirements and the UK Risk Retention Requirements or Regulation RR.

  • The portion of Certificates being retained to satisfy the EU Risk Retention Requirements and the UK Risk Retention Requirements is referred to herein as the “Retained Interest”.

  • NMAC has not changed the manner in which it retains the Retained Interest, except in accordance with the EU Risk Retention Requirements and the UK Risk Retention Requirements or Regulation RR.

  • If Nationwide Building Society (“Nationwide”) sells one or more new residential mortgage loans and their related security to the mortgages trustee pursuant to the terms of the mortgage sale agreement, the EU Risk Retention Requirements will apply in respect of the notes and Nationwide, in its capacity as originator, (i) on or immediately following the relevant sale date, will retain, on an on-going basis, a material net economic interest of not less than 5 per cent.

  • The EU Risk Retention Requirements require, amongst other things , an EU-regulated credit institution or investment firm to only invest in asset -backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU -regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.

  • If Nationwide Building Society (“Nationwide”) sells one or more new residential mortgage loans and their related security to the mortgages trustee pursuant to the terms of the mortgage sale agreement, the EU Risk Retention Requirements will apply in respect of the notes and Nationwide, in its capacity as originator, (i) on or immediately following the relevant sale date, will retain, on an on -going basis, a material net economic interest of not less than 5 per cent.

  • The EU Risk Retention Requirements require, amongst other things, an EU -regulated credit institution or investment firm to only invest in asset -backed securities in respect of which the originator, sponsor or original lender of the securitisation has explicitly disclosed to the EU -regulated credit institution or investment firm that it will retain, on an ongoing basis, a material net economic interest of not less than 5 per cent.

  • General information (continued) Originated transactionsThe Company intends to invest in Originators (Originators or sponsors of originated credit investments- CLO’s or securitisations of pools of consumer loans including residential mortgages, credit card receivables or auto loans) which establish securitisation vehicles and retain the requisite Retention Securities in such vehicles pursuant to the EU Risk Retention Requirements and/or, in future, the U.S. Risk Retention Regulations.

  • See "Risk Factors – Regulatory Initiatives – EU Risk Retention Requirements" and "The EU Risk Retention Requirements" of this Prospectus.

  • With respect to the commitment of the Retention Holder to retain a material net economic interest in the securitisation and with respect to the information to be made available by the Issuer or another relevant party (or, after the Closing Date, by the Servicer or the Cash Manager on the Issuer's behalf), please see the statements set out in the section of this Prospectus headed "EU Risk Retention Requirements".


More Definitions of EU Risk Retention Requirements

EU Risk Retention Requirements means collectively: (i) Articles 404 to 410 of Part Five of the European Union ("EU") Capital Requirements Regulation (Regulation (EU) No 575/2013) ("CRR"); (ii) Articles 50-56 of the EU Commission Delegated Regulation (EU) No 231/2013 on Alternative Investment Fund Managers ("AIFMR") which supplement Article 17 of Directive 2011/61/EC of the European Parliament and Council on Alternative Fund Managers ("AIFMD"), and (iii) Articles 254-257 of Commission Delegated Regulation (EU) No 2015/35, [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. which supplement Article 135(2) of Directive 2009/138/EC of the European Parliament and Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).
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EU Risk Retention Requirements. The risk retention requirements set out in Article 6 of the EU Securitization Regulation, as in effect on the Refinancing Date.
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EU Risk Retention Requirements means Article 6(3)(a) of the Securitisation Regulation, including any implementing regulation, technical standards and official guidance published in connection therewith;
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Related to EU Risk Retention Requirements

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Program Requirements means certain minimum program entry requirements as well as ongoing program requirements, to be fulfilled by Partner, some of which are general PartnerEdge requirements, some of which are specific for the “Sell Engagement” and some of which are specific for the different “Cloud” Product Families, including, without limitation payment of the Program Fee(s), meeting certain minimum annual revenue requirements, upholding a Sell Authorization for at least one “Cloud” Product Family and other requirements as set out in detail in the PartnerEdge Program Guide and the RSPI.

  • U.S. Risk Retention Rules means the federal interagency credit risk retention rules, codified at 17 C.F.R. Part 246.