Financial Undertakings Act definition
Examples of Financial Undertakings Act in a sentence
In accordance with the Financial Undertakings Act, the Bonds, together with any other assets as set out in Clause 3.2 (Status) which are registered in the Cover Pool Register at any time, shall in the event of bankruptcy, negotiation of debt under the Bankruptcy Act, winding up of the Issuer or public administration of the Issuer, have an exclusive, equal and proportional preferential claim over the Cover Pool.
It is understood and agreed that the liability of any Norwegian Guarantor only applies to the extent permitted by the above-mentioned provisions of the Norwegian Companies Act, the Norwegian Financial Undertakings Act and the Norwegian Financial Undertakings Regulation.
The Issuer has a licence from the Norwegian Financial Supervisory Authority (in Norwegian: Finanstilsynet, and hereinafter referred to as “FSAN”) to conduct financing activities as a commercial bank (in Norwegian: forretningsbank) under the Norwegian Financial Undertakings Act (in Norwegian: Lov om finansforetak og finanskonsern (finansforetaksloven) av 10.
The minimum capital requirement for the Issuer and the Issuer Group as defined in Section 14-11 of the Financial Undertakings Act as further detailed in the Applicable Regulations.
The Notes are covered bonds eligible for the label “European Covered Bond (Premium)” (obligasjoner med fortrinnsrett (premium)) issued by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ AS (the Issuer) in accordance with Chapter 11, Sub-chapter II of the Norwegian Financial Undertakings Act of 2015 (lov 10.
Key information on Arion Bank: Borgartún 19 105 Reykjavik Iceland Tel: ▇▇▇-▇▇▇▇ ID-No. 581008-0150 E-mail: ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇ ▇▇▇▇▇: ▇▇▇▇▇▇▇▇ Arion Bank has an operating licence as a retail bank under the Financial Undertakings Act No. 161/2002 and is supervised by the Financial Supervisory Authority of the Central Bank of Iceland (FSA) in accordance with the Official Supervision of Financial Operations Act No. 87/1998 (see website of the Central Bank of Iceland ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇).
Pursuant to Section 21-1 (2) of the Financial Undertakings Act, the independent auditor of the institution shall notify the Issuer Supervisor upon becoming aware of any events mentioned above, unless the Issuer Supervisor informs the independent auditor that such notice has already been delivered by the board of directors or the managing director of the institution.
The Issuer has a licence from the Norwegian Financial Supervisory Authority (in Norwegian: Finanstilsynet, and hereinafter referred to as “FSAN”) to conduct financing activities as a savings bank (in Norwegian: sparebank) under the Norwegian Financial Undertakings Act (in Norwegian: Lov om finansforetak og finanskonsern (finansforetaksloven) av 10.