Applicable MREL Regulations definition

Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies then in effect in Norway giving effect to any MREL Requirement or any successor regulations then applicable to the Issuer, including, without limitation to the generality of the foregoing, CRD, the BRRD and those regulations, requirements, guidelines and policies giving effect to any MREL Requirement or any successor regulations then in effect (whether or not such requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to the Issuer or to the Issuer and its subsidiaries);

Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies then in effect in Sweden giving effect to any MREL Requirement or any successor regulations then applicable to the Issuer or the Group, as the case may be, including, without limitation to the generality of the foregoing, CRD and the BRRD (whether or not such requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to the Issuer or the Group, as the case may be);

Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to the MREL Requirement then in effect and applicable to the Issuer (whether on a solo or (sub)consolidated basis) 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 the MREL Requirement adopted by the Competent Authority from time to time (whether or not such regulations, requirements, guidelines, rules, standards or policies have force of law and whether or not they are applied generally or specifically to the Issuer);

Examples of Applicable MREL Regulations in a sentence

• The Senior Non-Preferred Notes are intended to be MREL Eligible Liabilities which are available to meet any MREL Requirement (however called or defined by the Applicable MREL Regulations then applicable) of the Issuer and the Group.

• The Senior Preferred Notes and the Senior Non-Preferred Notes are intended to be MREL Eligible Liabilities which are available to meet any MREL Requirement (however called or defined by the Applicable MREL Regulations then applicable) of the Issuer and the Group.

• Therefore, the Senior Non-Preferred Notes, as so substituted or varied, may need to be made eligible as MREL in accordance with the then Applicable MREL Regulations and no assurance can be given that such substitution or variation will not adversely affect any particular Senior Non-Preferred Noteholder.

• Jane Vogel Engaging with Supervisor Hathaway to undermine Scio's Clerk and deprive her of the tools she needs to do her job.

• The Senior Non-Preferred Notes are intended to be MREL-Eligible Instruments under the Applicable MREL Regulations (each as defined in Condition 3(f) (Redemption of Senior Non-Preferred Notes upon the occurrence of a MREL Disqualification Event)).

• Such an “MREL Disqualification Event” shall occur if, as a result any amendment to, or change in, any Applicable MREL Regulations, or any change in the application or official interpretation of any Applicable MREL Regulations, in any such case becoming effective on or after the Issue Date of the notes, the notes are or (in the opinion of the Issuer or the Competent Authority) are likely to become fully or partially excluded from the Issuer's MREL Eligible Liabilities.

• However, there is uncertainty regarding the final substance of the Applicable MREL Regulations, and the Issuer cannot provide any assurance that the Senior Non-Preferred Notes will be or remain MREL-Eligible Instruments.

• Any purchases under this Condition 5.4 will be made in compliance with the Applicable MREL Regulations in force at the time of such a purchase and subject to the prior permission of the Regulator and/or the Relevant Resolution Authority, if required.

• If they initially are MREL-Eligible Instruments and subsequently become ineligible due to a change in Applicable MREL Regulations, or they do not qualify as MREL-Eligible Instruments by reason of Applicable MREL Regulations becoming effective, then a MREL Disqualification Event will occur (and the Issuer may redeem the Senior Non-Preferred Notes).

• MREL Requirements means the minimum requirement for own funds and Eligible Liabilities applicable to the Issuer and/or the GCC Group under Applicable MREL Regulations.

More Definitions of Applicable MREL Regulations

Applicable MREL Regulations means at any time the laws, regulations, requirements, guidelines and policies giving effect to the MREL including, without limitation to the generality of the foregoing, CRD IV, the BRRD and those laws, regulations, requirements, guidelines and policies giving effect to the MREL, in each case to the extent then in effect in Spain (whether or not such 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 Group) (in all cases, as amended from time to time).

Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies giving effect to MREL.

Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies then in effect in Norway giving effect to any MREL Requirement or any successor regulations then applicable to the Issuer, including, without limitation to the generality of the foregoing, CRD, the BRRD and those regulations, requirements, guidelines and policies giving effect to any MREL Requirement

Applicable MREL Regulations means at any time the laws, regulations, requirements, guidelines and policies then in effect in Portugal giving effect to any MREL Requirement or any successor regulations then applicable to the Issuer or the Group, as applicable, including, without limitation to the generality of the foregoing, those regulations, requirements, guidelines and policies relating to any MREL Requirement then in effect of the Relevant Authority and/or any regulation, directive or other binding rules, standards or decisions adopted by the institutions of the European Union (including, for the avoidance of doubt, CRD IV and the BRRD) and then in effect (whether or not such requirements, guidelines and policies have the force of law and whether or not they are applied generally or specifically to the Issuer and/or the Group);

Applicable MREL Regulations means, at any time, the laws, regulations, requirements, guidelines and policies then in effect in Norway giving effect to any MREL Requirement or any successor regulations then applicable to the Issuer and/or the DNB Group, including, without limitation to the generality of the foregoing, CRD IV, the BRRD and those regulations, requirements, guidelines and policies giving effect to any MREL Requirement or any successor regulations then in effect (whether or not such 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 Group).