Independence Rules definition

Independence Rules means Rule 2-01 of Regulation S-X on auditor independence (codified at 17 C.F.R. sec. 210.2-10); the SEC’s interpretations of the independence rules (collected at Codification of Financial Reporting Policies, Section 600-Matters Relating to Independent Accountants, reprinted in Fed. Sec. L. Rep. (CCH) 73,251 et seq.); the SEC’s Release “Strengthening the Commission’s Requirements Regarding Auditor Independence” and the amendments thereto (Exchange Act Release Nos. 47265 and 47265A respectively, Fed. Sec. L. Rep. (CCH) 86,822 (January 28, 2003) (effective May 6, 2003) and 86,845 (March 26, 2003) (effective March 31, 2003) respectively); the SEC’s Release “Revision of the Commission’s Auditor Independence Requirements” (Exchange Act Release No. 43602, Fed. Sec. L. Rep. (CCH) 86,406 (November 21, 2000) (effective February 5, 2001)); the American Institute of Certified Public Accountant’s Code of Professional Conduct, Section 100, Rule 101-Independence or rules that may be promulgated thereunder and any other rules with respect to auditor independence promulgated by the SEC, the Public Company Accounting Oversight Board, the American Institute of Certified Public Accountants or other professional entity or Governmental Entity (including any equivalent foreign regulatory or oversight body or professional entity).
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Independence Rules means (i) the auditor independence rules as established by the American Institute of Certified Public Accountants, the SEC, the Independence Standards Board, the state boards of accountancy and any other duly constituted regulatory authority, as the same may be amended from time to time and (ii) the terms and conditions contained in the No-Action Letter.
Sample 1

Examples of Independence Rules in a sentence

  • Moreover, as discussed in the SUPPLEMENTARY INFORMATION, the Dodd-Frank Act expands the requirements for appraisal independence significantly beyond the requirements in the 2008 Appraisal Independence Rules.

  • The 2008 Appraisal Independence Rules took effect on October 1, 2009.

  • Section 1472 of the Dodd-Frank Act essentially codifies the 2008 Appraisal Independence Rules, and expands on the protections in those rules.

  • This interim final rule incorporates the provisions in the 2008 Appraisal Independence Rules.

  • However, the scope of the interim final rule is broader than the 2008 Appraisal Independence Rules; those rules apply to closed-end loans but not to home-equity lines of credit (HELOCs).

  • Based on concerns about consumers obtaining home-secured loans based on misstated appraisals, in 2008, the Board used its authority under the Home Ownership and Equity Protection Act (HOEPA) to prohibit a creditor or mortgage broker from coercing or influencing an appraiser to misstate the value of a consumer’s principal dwelling (2008 Appraisal Independence Rules).

  • The sample report suggests, “Independent Practitioner’s Review Engagement Report”.Compilation EngagementsAlthough independence is not required for compilation engagements, Rule 204.10 requires disclosure, in a compilation report, of circumstances where there is “an impairment of a member’s independence.” Further details are provided in Section 8.0 Impact of Independence Rules on Compilation Engagements.

  • APS Independence Rules for Persons and Entities Other Than Covered Members As stated previously, the independence rules normally extend only to those persons and entities included in the definition of covered member.

  • Application of the Independence Rules to Close Relatives Independence would be considered to be impaired if 1.

  • Application of the Independence Rules to a Covered Member’s Immediate Family A covered member’s immediate family is subject to Rule 101 [par.

Related to Independence Rules

  • DOE Rules means DOE’s energy conservation regulations found in Title 10, Parts 429, 430, and 431 of the Code of Federal Regulations.

  • Independence means the extent to which individuals with developmental disabilities exert control and choice over their own lives.

  • Site Rules means all rules, regulations, directives and policies notified by the Company from time to time which are intended to be of general application to persons at a Site controlled or managed by the Company.

  • ISO-NE Rules means all rules and procedures adopted by NEPOOL, ISO-NE, or the RTO, and governing wholesale power markets and transmission in New England, as such rules may be amended from time to time, including but not limited to, the ISO-NE Tariff, the ISO-NE Operating Procedures (as defined in the ISO-NE Tariff), the ISO-NE Planning Procedures (as defined in the ISO-NE Tariff), the Transmission Operating Agreement (as defined in the ISO-NE Tariff), the ISO-NE Participants Agreement, the manuals, procedures and business process documents published by ISO-NE via its web site and/or by its e-mail distribution to appropriate NEPOOL participants and/or NEPOOL committees, as amended, superseded or restated from time to time.

  • the Rules means the Insolvency Rules 1986 (as amended);

  • Scheme Rules means the applicable SEPA direct debit or credit transfer scheme rules of the European Payments Council as amended from time to time.

  • Hague Rules means the International Convention for the Unification of certain Rules of Law relating to Bills of Lading signed at Brussels on 25 August 1924.

  • SAFE Rules and Regulations means collectively, the Circular 37 and any other applicable SAFE rules and regulations, as amended.

  • PPB Rules means the rules of the Procurement Policy Board as set forth in Title 9 of the Rules of the City of New York (“RCNY”), § 1-01 et seq.

  • School Rules means the body of rules of the School as may be amended from time to time for legal, safety or other substantive reasons, or in order to assist the proper administration of the School. A copy of the then current version of the rules is provided to each child on entry and is sent to parents with the Acceptance Form. Parents will be notified of subsequent changes to the rules;

  • AIM Rules means the rules published by the London Stock Exchange governing admission to AIM and the regulation of AIM companies as amended or re-issued from time to time;

  • FCA Rules means the Rules included within the FCA Handbook issued by the FCA.

  • PRA Rules means the Rules included within the PRA handbook issued by the PRA.

  • Exchange Rules means the listing rules of The OTC Marketplace.

  • M&A Rules means the Provisions on Merging and Acquiring Domestic Enterprises by Foreign Investors, which was promulgated by six Governmental Agencies, namely, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the China Securities Regulatory Commission (the “CSRC”), and the State Administration of Foreign Exchange, on August 8, 2006 and became effective on September 8, 2006, as amended by the Ministry of Commerce on June 22, 2009.

  • Code of Ethics means a statement encompassing the set of rules based on values and the standards of conduct to which suppliers are expected to conform

  • Stock Exchange Rules means the applicable rules of any stock exchange upon which Shares are listed;

  • House Rules means written and posted rules governing house activities in the AFH-DD. These rules may not conflict with the AFH Bill of Rights.

  • Insider Trading Regulations means the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time.

  • Conduct Regulations means the Conduct of Employment Agencies and Employment Businesses Regulations 2003;

  • Floodplain Management Regulations means this ordinance and other zoning ordinances, subdivision regulations, building codes, health regulations, special purpose ordinances, and other applications of police power. This term describes federal, state or local regulations, in any combination thereof, which provide standards for preventing and reducing flood loss and damage.

  • WHFIT Regulations Treasury Regulations section 1.671-5, as amended.

  • Repurchase Rules and Regulations shall have the meaning specified in Section 6.14 of the Indenture.

  • Applicable Rules means Section 10D of the Exchange Act, Rule 10D-1 promulgated thereunder, the listing rules of the national securities exchange or association on which the Company’s securities are listed, and any applicable rules, standards or other guidance adopted by the Securities and Exchange Commission or any national securities exchange or association on which the Company’s securities are listed.

  • Ethics means a set of principles governing the conduct of all persons governed by these rules.

  • NASD means the National Association of Securities Dealers, Inc.