SSM Regulation definition

SSM Regulation means Council Regulation (EU) No. 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions, as amended, supplemented or replaced from time to time;

SSM Regulation means Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions.

SSM Regulation means the Council Regulation (EU) No 1024/2013 of 15 October 2013 (Single Supervisory Mechanism Regulation), as amended or replaced from time to time, and any references to relevant provisions of the SSM Regulation in these Terms and Conditions include references to any applicable provisions of law amending or replacing such provisions from time to time.

Examples of SSM Regulation in a sentence

• For banks established in the eurozone, such as the Issuer, which are supervised within the framework of the Single Supervisory Mechanism (the "SSM"), Regulation (EU) No 806/2014 of the European Parliament and of the Council (the "SRM Regulation") provides for a coherent application of the resolution rules across the SSM under responsibility of the European Single Resolution Board, with effect since 1 January 2016 (referred to as the "Single Resolution Mechanism" or the "SRM").

• Capital Adequacy requirements The ECB is required under the Council Regulation (EU) No. 1024/2013 (the SSM Regulation establishing the Single Supervisory Mechanism (SSM)) to carry out a Supervisory Review and Evaluation Process (SREP) at least on an annual basis.

• Appropriate measures taken by the ECB of the types specified in Article 142(4) of CRD IV and on the basis of Article 16(2) of the SSM Regulation are not excluded in cases where the ECB considers the plan to be insufficient to conserve or raise sufficient capital, so as to enable the institution to meet its combined buffer requirements within an appropriate period.

• The ECB is of the view that similar, or even identical, Pillar II measures may be applied to credit institutions with a similar risk profile, in accordance with Article 103(1) of CRD IV and Article 16(2) of the SSM Regulation, taking as a basis the results of the SREP assessment for these institutions.

• For this purpose, it should be noted that the designation of an institution as non-significant pursuant to Article 76(3) is different from the classification of a credit institution as a significant supervised entity under Article 6 of the SSM Regulation.

More Definitions of SSM Regulation

SSM Regulation means the Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (Single Supervisory Mechanism Regulation), as amended or replaced from time to time, and any references in these Terms and Conditions to relevant Articles of the SSM Regulation include references to any applicable provisions of law amending or replacing such Articles from time to time.

SSM Regulation means the Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions (Single Supervisory Mechanism Regulation), as amended or replaced from time to time, and any references in these Terms and Conditions to relevant Articles of the SSM Regulation include references to any applicable provisions of law amending or replacing such Articles from time to time.] [In the case of Senior Preferred Notes and Senior Non-Preferred Notes insert: (3) Early Redemption due to a MREL Disqualification Event. If an MREL Disqualification Event has occurred and is continuing and the Redemption Condition (as defined in § 5 [(5)|(6)]) is met, then the Issuer may, at the option of the Issuer, upon not more than 60 days' nor less than 30 days' prior notice of redemption given to the Fiscal Agent and, in accordance with § 12 to the Noteholders, redeem the Notes, in whole but not in part, at their Early Redemption Amount (as defined below), together with interest (if any) accrued to the date fixed for redemption. Such notice may not be given, however, [in case BAWAG P.S.K. is the Issuer of Senior Non-Preferred Notes insert: (A) if and so long as the Issuer determines that the MREL Disqualification Event would cease to exist upon a substitution of the Issuer with the BAWAG Parent (as defined below) as principal debtor in respect of all obligations arising from or in connection with the Notes by operation of § 10, and (B) in any event] later than 90 days following such MREL Disqualification Event. Any such notice shall be irrevocable and must specify the date fixed for redemption and must set forth a statement in summary form of the facts constituting the basis for the right of the Issuer so to redeem.

SSM Regulation means Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions;

SSM Regulation means Council Regulation (EU) No 1024/2013 of 15 October 2013, as amended or replaced from time to time; to the extent that any provisions of the SSM Regulation are amended or replaced, the reference to provisions of the SSM Regulation as used in these terms and conditions shall refer to such amended provisions or successor provisions from time to time.Status

SSM Regulation means Regulation (EU) No 1024/2013; - 'supervised entity' means an entity, other than an insurance or reinsurance undertaking or a pension scheme, which falls within the prudential, conduct or AML supervisory remit of an Authority, as specified in their applicable legal framework; - 'supervisory measures, measures, sanctions, penalties' means supervisory actions taken by the Authorities in accordance with the applicable legal framework, in relation to a supervised entity or cross-border establishment; - 'WCCA' means a written cooperation and coordination arrangement for a particular college of supervisors of the kind referred to in article 21 of the EBA Regulation.

SSM Regulation means Council Regulation (EU) No 1024/2013 of 15 October 2013, as amended or replaced from time to time; to the extent that any provisions of the SSM Regulation are amended or replaced, the reference to provisions of the SSM Regulation as used in these terms and conditions shall refer to such amended provisions or successor provisions from time to time.

SSM Regulation means Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks to the ECB concerning policies relating to the prudential supervision of credit institutions. Trigger Event A "Trigger Event" occurs if, at any time, the Group CET 1 Capital Ratio is lower than the Trigger Level. The determination as to whether a Trigger Event has occurred shall be made by the Issuer, the Competent Authority or any agent appointed for such purpose by the Competent Authority.