Financial Institutions Law definition

Financial Institutions Law means the Central Bank of Somalia Financial Institutions Law No. 130 of 22 April, 2012;
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Financial Institutions Law means Argentine Law Nº 21,526, as amended.
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Financial Institutions Law means Ley de Instituciones del Sistema Financiero, the Borrower’s Financial Institutions Law issued by Decree No. 170-95 of November 10, 1995 and effective as of November 16, 1995, as amended to the date of this Agreement;
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Examples of Financial Institutions Law in a sentence

  • The CBB then has 30 calendar days from the date of receipt of those representations to reconsider the evidence submitted and make a final determination, pursuant to Article 53 of the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006) (“CBB Law”) and Module EN (Enforcement).

  • Licensing of new financial institutions The establishment of new financial institutions requires licensing from the BCRA, according to section 7 of the Financial Institutions Law.

  • In the case of institutions governed by Financial Institutions Law, the abovementioned law sets forth that they shall consider as taxable income 20% of their taxable assets, previously deducting those assets defined as non-computable.

  • Changes to shareholding structure According to section 15 of the Financial Institutions Law, institutions have to report every negotiation on share packages producing changes in the classification of the institution or alteration to the structure of shareholding groups.

  • The abovementioned law establishes that, the entities regulated by the Financial Institutions Law must consider the twenty per cent (20%) of their taxable assets as taxable basis for calculation of minimum presumed income tax, after deducting those defined as non-computable assets.

  • This offer does not constitute an offer of securities in the Kingdom of Bahrain in terms of Article (81) of the Central Bank and Financial Institutions Law 2006 (decree Law No. 64 of 2006).

  • The Deposit Guarantee System, which is limited, compulsory and onerous, has been created for purposes of covering the bank deposit risks subsidiarily and complementarily to the deposit protection and privilege system established by the Financial Institutions Law.

  • In its activities the Bank also follows the Law on Financial Institutions, Law on Companies and other legal acts, unless the Law on Banks provides for different rules.

  • HC-A.1.11Legal Basis This Module contains the CBB’s Directive (as amended from time to time) relating to high-level controls and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 (‛CBB Law’).

  • There are also certain procedures which are set out in Articles 52 to 56 of the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006) (“CBB Law”) on controllers.


More Definitions of Financial Institutions Law

Financial Institutions Law has the meaning set forth in the eighth recital hereof.
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Financial Institutions Law has the meaning set forth in the fourth recital to this Indenture.
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Financial Institutions Law means The Central Bank of Bahrain and Financial Institutions Law, Decree Law No. 64/2006 (as amended); First Call Date means 31 May 2022; First Mudaraba Profit Distribution Date means 30 November 2017; Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;
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Financial Institutions Law means Argentine Law No. 21,526, as amended.
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Financial Institutions Law has the meaning specified in the Recitals herein,
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Related to Financial Institutions Law

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Partner Jurisdiction Financial Institution means (i) any Financial Institution established in a Partner Jurisdiction, but excluding any branch of such Financial Institution that is located outside the Partner Jurisdiction, and (ii) any branch of a Financial Institution not established in the Partner Jurisdiction, if such branch is located in the Partner Jurisdiction.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Qualified United States financial institution means an institution that:

  • Educational institutions means schools and suchlike institutions;

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Participating Financial Institution means a financial institution participating in EMT Services and/or Online Payment Services, as the case may be.

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • State educational institution means an institution enumerated in Article 12, Section 11 of the constitution of New Mexico;