Consolidated Law on Banking definition

Consolidated Law on Banking means Legislative Decree no. 385 of 1 September 1993, as amended;
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Consolidated Law on Banking means Legislative Decree no. 385 of 1 September 1993 and subsequent amendments;
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Consolidated Law on Banking means Legislative Decree No. 385 of 1 September 1993.
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Examples of Consolidated Law on Banking in a sentence

  • Sources of law for the topics addressed in this guide • The Consolidated Law on Banking (Testo unico bancario – TUB) • The Bank of Italy’s Circular on the Central Credit Register The CR and the decisions of the ABF The ABF’s decisions have underlined a few important consumer protection principles.

  • Control shall exist in the cases defined in Article 23 of the Consolidated Law on Banking.

  • Certification of registration in the lists referred to in the Consolidated Law on Banking, where applicable.

  • Moreover, under Article 19 of Consolidated Law on Banking "TUB" prior authorisation by the Bank of Italy shall be required for the acquisition of holdings of capital in banks that are either significant or make it possible the exercise of significant influence or confer a share of voting rights or capital equal to at least 10%.

  • The role of listing partner may be played by Italian, EU and non-EU banks and investment firms and financial intermediaries entered in the list referred to in Article 107 of the Consolidated Law on Banking.

  • Title IV, Chapter I, of the Consolidated Law on Banking, shall not apply to investment services and activities, to the allocation of financial products as well as to transactions and services which are components of financial products subject to the regulations of Article 25- bis or of part lV, title ll, chapter I.

  • In performing its activity of placing banking and payment products, as governed by the provisions of the Consolidated Law on Banking and the Consolidated Law on Finance, illimity pays constant attention to the interests and needs of its customers, and accordingly makes the transparency of the contractual conditions and the correctness of conduct priority values for its employees, making reputation an integral part of its business model.

  • In performing the activity of placing banking and payment products, as governed by the provisions of the Consolidated Law on Banking and the Consolidated Law on Finance, illimity pays constant attention to the interests and needs of its customers, and accordingly makes the transparency of the contractual conditions and the correctness of conduct priority values for its employees, with reputation being an integral part of its business model.

  • TUB: Testo Unico Bancario (Consolidated Law on Banking) - Legislative decree nr.

  • For the purposes of applying the malus mechanisms, the Bank also considers any conduct by the Bank’s personnel or credit intermediaries that has caused or contributed to causing significant damage to customers or a violation of the provisions contained in Title VI of the Consolidated Law on Banking or the related implementing provisions.


More Definitions of Consolidated Law on Banking

Consolidated Law on Banking means Legislative Decree 385/1993;
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Consolidated Law on Banking means Legislative Decree 385/1993 as amended;
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Consolidated Law on Banking means Legislative Decree 385 of 1 September 1993 “Consolidated Law on Banking and Credit”; “Continuous trading” means, with reference to the electronic share market (MTA), Electronic investment vehicles market (MIV) (if envisaged), the electronic securitised derivatives market (SEDEX), the electronic bond market (MOT) the Electronic open-end funds and securitised derivative financial instruments market (ETFplus) and the derivatives market (IDEM), the method of trading that provides for the entry, modification and deletion of orders for the purpose of concluding contracts, immediately or in the future; “Conventional price” means, for open-end CIUs traded in the manner referred to in Article 4.3.12, the price shown in the trading system; “Delta” means the ratio, calculated using the Black & Scholes valuation model, between the change in the price of an option corresponding to a change in the value of the underlying index or financial instrument; “Derivatives market” or “IDEM” means the stock exchange market for the trading of futures and options contracts whose underlying assets are financial instruments, interest rates, foreign currencies, goods or related indexes; “Electronic bond market” (MOT) means the market for the trading of bonds other than convertible bonds, government securities, Eurobonds, foreign bonds, asset-backed securities (ABS) and other debt securities; “Electronic investment vehicles market (MIV)” means the market for the trading of shares or units of AIFs or financial instruments traded in the Professional Segment; “Electronic open-end funds and securitised derivative financial instruments market (ETFplus)” means the market for trading financial instruments referred to in Article 4.1.1, paragraph 1, letter e) (e.g. open-end CIUs, ETFs, exchange traded commodities and exchange traded notes, etc.); “Electronic securitised derivatives market ” (SEDEX) means the market for trading financial instruments referred to in Article 4.1.1, paragraph 1, letter d) (e.g. covered warrants and certificates); “Electronic share market” (MTA) means the market for the trading of shares, convertible bonds, warrants, pre-emptive rights; “Elite Company” means an issuer that obtained the Elite Certificate by Borsa Italiana or another certificate obtained as the result of a process providing for training and evaluation and improvement of management systems which is recognized by Borsa Italiana; “EMS” (Exchange Market Size) Means the quantity, defined as number of ...
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Related to Consolidated Law on Banking

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Liabilities means, as at any date of determination, all liabilities of the Borrower and its Subsidiaries as of such date classified as liabilities in accordance with GAAP and determined on a Consolidated basis.

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality;

  • Consolidated Fund means the Consolidated Fund established by this Constitution;

  • Consolidated Debt means at any date the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Family of Investment Companies as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

  • Consolidated Parties means a collective reference to the Borrower and its Subsidiaries, and "Consolidated Party" means any one of them.

  • Consolidated Capital means the sum (without duplication) of (i) Consolidated Debt of the Borrower (without giving effect to the proviso in the definition of Consolidated Debt) and (ii) consolidated equity of all classes (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Consolidated Total Capital means, as of any date of determination, the sum of (i) Consolidated Indebtedness and (ii) Consolidated Net Worth at such time.

  • Consolidated Debt Service means, for any relevant period, the sum (without double counting), determined in accordance with GAAP, of:

  • Consolidated Funded Debt means Funded Debt of the Consolidated Group determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated EBITR means, for the Borrower and its Subsidiaries for any period, an amount equal to the sum of (i) Consolidated Net Income for such period, plus (ii) to the extent deducted in determining the Consolidated Net Income for such period (x) Consolidated Interest Expense, (y) income tax expense, and (z) Consolidated Rent Expense, in each case determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Consolidated Plan means the plan prepared in accordance with 24 CFR Part 91, which describes needs, resources, priorities and proposed activities to be undertaken with respect to certain HUD programs, including the HOME Program.

  • Consolidated Net Income (Loss) of any Person means, for any period, the consolidated net income (or loss) of such Person and its consolidated Subsidiaries for such period as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (loss), by excluding, without duplication, (i) the portion of net income (or loss) of any other Person (other than any of such Person's consolidated Subsidiaries) in which such Person or any of its Subsidiaries has an ownership interest, except to the extent of the amount of dividends or other distributions actually paid to such Person or its consolidated Subsidiaries in cash by such other Person during such period, (ii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a "pooling of interests" basis attributable to any period prior to the date of combination, (iii) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan and (iv) solely for the purpose of determining Consolidated Net Income (Loss) in connection with the calculation of Restricted Payments permitted to be made hereunder, the net income of any consolidated Subsidiary of such Person to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulations applicable to that Subsidiary or its shareholders; provided that, upon the termination or expiration of such dividend or distribution restrictions, the portion of net income (or loss) of such consolidated Subsidiary allocable to such Person and previously excluded shall be added to the Consolidated Net Income (Loss) of such Person to the extent of the amount of dividends or other distributions available to be paid to such Person in cash by such Subsidiary.

  • Consolidated Funded Indebtedness means Funded Indebtedness of the Borrower and its Subsidiaries on a consolidated basis determined in accordance with GAAP.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • consolidated basis means on the basis of the consolidated situation;