Complementary banking services Clause Samples
Complementary banking services. The supply of financial services that complement core banking services may be provided directly by these institutions, with prior authorisation from the SBIF, or through subsidiaries which the SBIF shall determine. Financial leasing (CPC 81120) (includes only leasing contracts for goods acquired at the client's request, i.e. they cannot acquire goods in order to stock them and offer them for leasing). Financial leasing services are regarded as complementary banking services and, consequently, the SBIF is empowered to extend or restrict the operation of the financial leasing services which these institutions may offer, and these institutions may only offer the services expressly authorised by the SBIF. Advisory and other auxiliary financial services (CPC 8133) (includes only services indicated in the banking sector in this schedule). None.
Complementary banking services. The supply of financial services that complement core banking services may be provided directly by these institutions, with prior authorisation from the SBIF, or through subsidiaries which the SBIF shall determine. Financial leasing (CPC 81120) (includes only leasing contracts for goods acquired at the client's request, i.e. they cannot acquire goods in order to stock them and offer them for leasing). Factoring 1) Unbound 2) None 3) Financial leasing and Factoring services are regarded as complementary banking services and, consequently, the SBIF is empowered to extend or restrict the operation of the services which these institutions may offer, and these institutions may only offer the services expressly authorised by the SBIF. 4) Unbound, except as indicated in the horizontal section.
1) None. 2) None. 3)None. 4) Unbound, except as indicated in the horizontal section. Management of funds of third parties performed by a General Management Fund (Administradora General de Fondos) (in no circumstances does this include management of pension funds and voluntary pension savings plans 1)Unbound 2)None 3)The management of funds of third parties can only be offered through subsidiaries as established in the General Banking Act and with prior authorisation of both the SBIF and the Superintendencia deValores y Seguros, SVS (Securities and 1 Chile’s commitments on investment advisory services shall not, in and of themselves, be construed to require Chile to permit the public offering of securities (as defined under its relevant law) in the territory of Chile by financial service suppliers of another Party who supply or seek to supply such investment advisory services. Chile may subject the investment advisory services to regulatory and registration requirements. (Planes de Ahorro Previsional Voluntario) Insurance Commission). 4) Unbound, except as indicated in the horizontal section.
Securitisation 1) Unbound 2) None 3) Banks can provide securitisation services through subsidiaries as established in the General Banking Act. In order to provide these services, bank subsidiaries must comply with the securities laws and the norms issued by the SVS. Prior authorisation from both the SVS and the SBIF is required. 4) Unbound, except as indicated in the horizontal section. Intermediation of publicly offered securities (CPC 81321). 1) Unbound 2) None 3) Banks can provide the services of intermediation of publicly offered securities through subsidiaries as established in the...