MREL Regulations definition

MREL Regulations means, at any time, the applicable laws, regulations, requirements, guidelines and policies giving effect to (i) MREL and (ii) additional requirements that may become applicable to the Issuer or the Group in connection with the implementation of the TLAC standard set forth in the FSB TLAC Term Sheet or any successor principles, including any relevant implementing legislation and regulation applicable in France.

MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies then in effect in Luxembourg giving effect to the “minimum requirement for own funds and eligible liabilities” ("MREL") applicable to banking institutions or any successor laws, regulations, requirements, guidelines and policies that may be applicable to the Issuer and/or the BIL Group, including, without limitation to the generality of the foregoing, CRD, the BRRD and/or the BRRD Amending Directive (whether or not such laws, regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to the Issuer and/or the BIL Group).

MREL Regulations means, at any time, the laws, regulations, requirements, standards, guidelines and policies relating to minimum requirement for own funds and eligible liabilities and/or loss absorbing capacity for credit institutions of either (i) the Swedish FSA and/or (ii) any other national or European authority, in each case then in effect in Sweden and applicable to SEK;

Examples of MREL Regulations in a sentence

• To the extent permitted by the MREL Regulations, it is the intention of the Issuer that the Senior Preferred Notes shall be treated for regulatory purposes as MREL Eligible Instruments under the MREL Regulations but that the obligations of the Issuer and the rights of the Noteholders under the Senior Preferred Notes shall not be affected if the Senior Preferred Notes no longer qualify as MREL Eligible Instruments.

• It is the intention of the Issuer that the Senior Non-Preferred Notes shall be treated for regulatory purposes as MREL Eligible Instruments under the MREL Regulations but that the obligations of the Issuer and the rights of the Noteholders under the Senior Non-Preferred Notes shall not be affected if the Senior Non- Preferred Notes no longer qualify as MREL Eligible Instruments.

• To the extent permitted by the MREL Regulations, it is the intention of the Issuer that the Senior Non-Preferred Notes shall be treated for regulatory purposes as MREL Eligible Instruments under the MREL Regulations but that the obligations of the Issuer and the rights of the Noteholders under the Senior Non-Preferred Notes shall not be affected if the Senior Non-Preferred Notes no longer qualify as MREL Eligible Instruments.

• In such cases, the Issuer’s option to redeem the Senior Notes is subject to such redemption not being prohibited by the MREL Regulations and to the prior approval of the Relevant Resolution Authority.

• In such cases, the Issuer’s option to redeem the Senior Non-Preferred Notes is subject to such redemption not being prohibited by the MREL Regulations and to the prior approval of the Relevant Regulator and/or the Relevant Resolution Authority, if required.

• To the extent permitted by the MREL Regulations, it is the intention of the Issuer that the Senior Non- Preferred Notes shall be treated for regulatory purposes as MREL Eligible Instruments under the MREL Regulations but that the obligations of the Issuer and the rights of the Noteholders under the Senior Non- Preferred Notes shall not be affected if the Senior Non-Preferred Notes no longer qualify as MREL Eligible Instruments.

• It is the intention of the Issuer that the Senior Non-Preferred Notes shall be treated for regulatory purposes as MREL Eligible Instruments under the MREL Regulations but that the obligations of the Issuer and the rights of the Noteholders under the Senior Non-Preferred Notes shall not be affected if the Senior Non-Preferred Notes no longer qualify as MREL Eligible Instruments.

More Definitions of MREL Regulations

MREL Regulations means, at any time, the applicable laws, regulations, requirements, guidelines and policies giving effect to (i) MREL and (ii) additional requirements that may become applicable to the Issuer in connection with the implementation of the TLAC standard set forth in the FSB TLAC Term Sheet or any successor principles, including any relevant implementing legislation and regulation in France. If there are separate laws, regulations, requirements, guidelines and policies giving effect to the principles described in (i) and (ii), then "MREL Regulations" shall mean all such regulations, requirements, guidelines and policies.

MREL Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments of the Republic of Cyprus, the Relevant Regulator and/or of the European Parliament or of the Council of the European Union then in effect in the Republic of Cyprus and applicable to the Issuer and/or any Regulatory Group of which the Issuer forms part including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the Relevant Regulator from time to time (whether such regulations, requirements, guidelines, rules, standards or policies are applied generally or specifically to the Issuer or to any Regulatory Group of which the Issuer forms part); and the MREL Regulations shall, if the Notes are Senior Non-Preferred Notes, be deemed to include any provision of any Ranking Legislation which relates to the requisite features of Secondary Unsecured Debts.