Single Resolution Mechanism definition

Single Resolution Mechanism means the single resolution mechanism established pursuant to the SRM Regulation;
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Single Resolution Mechanism means the mechanism established by Regulation (EU) No 806/2014 creating uniform rules and a uniform procedure for the resolution of entities referred to in Article 2 of Regulation (EU) 806/2014 and supported by the Single Resolution Fund;
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Single Resolution Mechanism means Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July, 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010, as amended from time to time.
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Examples of Single Resolution Mechanism in a sentence

  • This Agreement shall apply to the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have not deposited their instruments of ratification, approval or acceptance by the date of application under paragraph 2, as from the first day of the month following the deposit of their respective instrument of ratification, approval or acceptance.

  • Subject to paragraph 1 of this Article, and provided that this Agreement has entered into force in accordance with Article 11(2), it shall apply as from 1 January 2016 amongst the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have deposited their instruments of ratification, approval or acceptance by that date.

  • If this Agreement has not entered into force by 1 January 2016 it shall apply as from its date of entry into force, amongst the Contracting Parties participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have deposited their instruments of ratification, approval or acceptance by that date.

  • This Agreement shall not apply to the Contracting Parties that have deposited their instruments of ratification, approval or acceptance but that do not participate in the Single Supervisory Mechanism and in the Single Resolution Mechanism by the date of application of this Agreement.

  • The SRB fulfils the tasks of a resolution authority as part of the Single Resolution Mechanism (SRM) in accordance with Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/20101 (hereinafter the ‘SRM Regulation’).

  • The Steep Road to European Banking Union: Constructing the Single Resolution Mechanism.

  • The EU Insolvency Regulation3 (the 1 Including the banking laws referred to in the Opinion and the Act on Investment Services 2 Regulation (EU) No 806/2014 on the Single Resolution Mechanism (the “SRM Regulation”).

  • Moreover, Regulation (EU) No 806/2014 establishing a Single Resolution Mechanism (“SRM”) and a Single Resolution Fund, as amended (the “SRM Regulation”) has established a centralised power of resolution entrusted to a Single Resolution Board (the “SRB”) in cooperation with the national resolution authorities, such as the CSSF.

  • The SRB fulfils the tasks of a resolution authority as part of the Single Resolution Mechanism (SRM) in accordance with Regulation (EU) No 806/2014 of the European Parliament and of the Council1 (hereinafter the ‘SRM Regulation’).

  • Subject to the above paragraph, this Agreement shall apply as from 1 January 2016 amongst the signatories participating in the Single Supervisory Mechanism and in the Single Resolution Mechanism that have ratified it by that date.


More Definitions of Single Resolution Mechanism

Single Resolution Mechanism or “SRM”............ means the uniform rules and procedures for the
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Related to Single Resolution Mechanism

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • Dispute Resolution Procedure means the procedure for resolving disputes as set out in Clause 17 (Dispute Resolution);