Cross-Border Establishment definition
Cross-Border Establishment means a place of business of a Covered Entity which is not its head office and which has no legal personality, including a branch or a representative office, located within a jurisdiction, and over which the Authority of the other jurisdiction exercises supervisory responsibilities;
Cross-Border Establishment means a branch, subsidiary or any other banking and/or insurance/reinsurance entity or group within one jurisdiction which falls under the consolidated or group wide banking and/or insurance/reinsurance supervision (or prospective supervision) responsibility of the other jurisdiction (listed in Appendix 1). Cross-border establishments include those where the APRA and FSC are both host Authorities (no list will be maintained);
Cross-Border Establishment. Bank” means a branch or subsidiary of a Banking Entity or Group, that is established in the Jurisdiction of the Host-country Authority;
Examples of Cross-Border Establishment in a sentence
The Authorities shall endeavour to consult before granting authorisation to a Cross-Border Establishment in the other country or when assessing any acquisition of a controlling interest, as defined by their respective national laws, in an institution under its supervision by a Supervised Entity within the jurisdiction of the other Authority.
More Definitions of Cross-Border Establishment
Cross-Border Establishment means a branch, subsidiary, representative office or another legally permitted organizational form subject to consolidated banking supervision in compliance with the law and other regulations of the member state in which the bank was incorporated. In accordance with definitions used by the Basel Committee on Banking Supervision and the European Union legislation: - a “branch” is an organizational part that does not have separate legal entity status and is thus an integral part the bank incorporated in one of the member states;
Cross-Border Establishment means a place of business of a Supervised Entity, including a branch, a representative office, a subsidiary or any other relevant entity of a Supervised Entity
Cross-Border Establishment means a Branch, Representative office, or Subsidiary of any Credit institution or of any Financial institution, operating in the territory of one of the Authorities and having its head or parent institution in the territory of the other Authority.
Cross-Border Establishment a subsidiary, a branch or a representative office of a Supervised Parent institution incorporated in one of the states and operating in the other state.
Cross-Border Establishment means a branch, subsidiary, affiliate, or other office or entity of a firm operating within one jurisdiction for which an Authority in the other
Cross-Border Establishment means the cross-border establishment of branches, representative offices or subsidiaries by their home head office or parent banking organisation;
Cross-Border Establishment means a branch, sub- sidiary, representative office, or any other business activity of a banking organization within either of the countries which, by common agreement, gives rise to the need for consolidated supervision.