Prudential supervision Sample Clauses

Prudential supervision. 25.1 The ECB may offer advice to and be consulted by the Council, the Commission and the competent authorities of the Member States on the scope and implementation of Union legislation relating to the prudential supervision of credit institutions and to the stability of the financial system. 25.2 In accordance with any regulation of the Council under Article 127(6) of the Treaty on the Functioning of the European Union, the ECB may perform specific tasks concerning policies relating to the prudential supervision of credit institutions and other financial institutions with the exception of insurance undertakings.
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Prudential supervision. Under Article 46 of the Law of 22 March 1993 (for credit institutions that provide clearing or settlement services or services assimilated therewith), Articles 36/25 and 36/26 of the Law of 22 February 1998, and the Royal Decree of 26 September 2005, the Bank ensures prudential supervision (including authorisation) of clearing institutions, settlement institutions and institutions assimilated to settlement institutions, without prejudice to its powers of oversight over the systems operated by the aforementioned institutions.
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Prudential supervision. The National Securities Commission shall set the prudential supervision rules regarding the composition of own resources and risk control, where the prudential measures concerning the risks resulting from the broker dealer’s own trading portfolio shall be detailed. When the broker-dealer house is a bank or it is controlled by a bank, the rules may be established in collaboration with the Superintendency of Banks of the Republic of Panama. The financial statements regulations will consider the prudential supervision rules that are established. The person requesting the granting of a broker-dealer house license shall comply with the following conditions to obtain and maintain said license: 1. Be exclusively dedicated to activities related to the broker-dealer house business which are described on Article 3 of the present Agreement and in particular, to those mentioned in their Business Plan and any complementary ones. 2. If it is a juridical person, its Article of Incorporation shall set forth the following: a. Its corporate purpose shall be adequate to the activities related to the broker-dealer house business defined by Decree-Law 1 of 1999 and this Agreement. b. The duration of the corporation shall be perpetual. c. The social capital shall be adequate to the total Minimum Patrimony requirements stated in this Agreement and the shares representing them shall only be issued as nominative share.
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Related to Prudential supervision

  • SITE SUPERVISION 1.9.1 Contractor shall provide adequate supervision of his employees to ensure complete and satisfactory performance of all work in accordance with the terms of the contract. Contractor shall have a responsible supervisor on the job at all times when the work of the contract is being carried out. 1.9.2 Contractor's site supervisor shall be responsible for communication with the State's representatives and shall meet with the Project Manager at the site on a weekly basis to discuss project status, including any problems, ideas, or concerns related to the project work. 1.9.3 Contractor and its employees shall be subject to all applicable State and Federal statutes and regulations for the conduct of personnel. 1.9.4 The Contractor shall provide adequate supervision of his/her subcontractors and their employees at all times.

  • Board Supervision All of the functions undertaken by the Investment Manager hereunder shall at all times be subject to the direction of the Board of Directors, its executive committee, or any committee or officers of the Company acting under the authority of the Board of Directors.

  • Student Supervision Central Issues as they affect Occasional Teacher Workload

  • CONTRACTOR SUPERVISION Contractor shall provide competent supervision of personnel employed on the job Site, use of equipment, and quality of workmanship.

  • Construction Bonds, Insurance and Supervision (i) The Recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract. (ii) The Recipient shall require that each of its construction contractors and each subcontractor maintain during the life of its contract or subcontract appropriate Workers Compensation Insurance, Public Liability, Property Damage and Vehicle Liability Insurance. (iii) The Recipient shall provide and maintain competent and adequate project management covering the supervision and inspection of the development and construction of the Project and bearing the responsibility of ensuring that construction conforms with the approved surveys, plans, profiles, cross sections and specifications and certifying to the OPWC and the Recipient at the completion of construction that construction is in accordance with the approved surveys, plans, profiles, cross sections and specifications or approved amendments thereto.