Internal Compliance definition

Internal Compliance. Program shall mean the BANC Internal Compliance Program, approved by the BANC Commission, as that program may be amended from time-to- time.
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Internal Compliance means following the procedures and best practices laid down by an organization in its ICP. It is an internal mechanism comprising of best practices, guidelines, and policies to minimise risk of legal and international policy violations.
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Examples of Internal Compliance in a sentence

  • Aspiration hazardThe criteria for categorisation in this hazard class are not met.

  • Internal compliance endorsements were issued for investment notes.

  • Internal compliance officer qualifications are outlined in the Accounting section.

  • The group manager’s responsibilities will include:• Record keeping of certification• Coordinating communication with the certification auditing firms• Reporting and payment of fees• Processing new entries and departures from the groups• Internal compliance monitoring• Dispute resolutionDetail on the certification group administration is maintained in the Public Forest Lands Handbook.

  • Internal compliance reviews monitor the adherence to federal regulations, state and local law, and IRB policies and procedures as well as accurate documentation in the IRB database.

  • Internal compliance with instructions and procedures for control of allergen risks should be verified regularly by trained internal auditors.

  • Internal compliance communication system that provides to Bank personnel appropriate updates resulting from revisions to Consumer Laws.

  • Service documentation; (ii) Billing for services; (iii) Internal compliance programs; (iv) The rights of individuals set forth in sections 5123.62 to 5123.64 of the Revised Code; and (v) The requirements of rule 5123:2-17-02 of the Administrative Code including a review of health and welfare alerts issued by the department.

  • Service documentation; (ii) Fiscal administration and/or billing for services, as applicable; (iii) Internal compliance programs; (iv) The rights of individuals set forth in sections 5123.62 to 5123.64 of the Revised Code; and (v) The requirements of rule 5123:2-17-02 of the Administrative Code including a review of health and welfare alerts issued by the department.

  • PUBLIC EMPLOYEE DISCIPLINE/DISMISSAL/RELEASE MOTION (Government Code Section 54957)Title: Certificated Employees RECONVENE TO OPEN SESSION 5:30 P.M. ~ REGULAR MEETINGBoard Room PLEDGE OF ALLEGIANCEFrank Crawford, Vice President to the Board of Trustees.ANNOUNCEMENT OF ACTION TAKEN IN CLOSED SESSION STUDENT REPRESENTATIVE TO THE BOARD OF TRUSTEESAmy Bernhard, MHS Student Representative to the Board of Trustees.

Related to Internal Compliance

  • Internal control means a set of systems to ensure that financial and other records are reliable and complete and which ensure adherence to the entity's management policies, the orderly and efficient conduct of the entity, and the proper recording and safeguarding of assets and resources;

  • Internal Controls for districts means processes designed and im- plemented by districts to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • Internal Costs means the costs associated with each Council providing internal Council resources in relation to the City Deal which includes but is not limited to:

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Substantial compliance means a level of compliance with these rules where any deficiencies pose no greater risk to resident health or safety than the potential for causing minor harm.

  • external company means a foreign company that is carrying on business, or non-profit activities, as the case may be, within the Republic, subject to section 23(2);

  • Internal test assessment means, but is not limited to, conducting those tests of quality assurance necessary to ensure the integrity of the test.

  • LEGAL COMPLIANCE This Agreement and any transaction with, or payment to, you pursuant to the terms hereof is conditioned on your representation to us that, as of the date of this Agreement you are, and at all times during its effectiveness you will be, a bank as defined in Section 3(a)(6) of the Securities Exchange Act of 1934 (or other financial institution) and not otherwise required to register as a broker or dealer under such Act. You agree to notify us promptly in writing if this representation ceases to be true. You also agree that, regardless of whether you are a member of the NASD, you will comply with the rules of the NASD, including, in particular, Sections 2310, IM 2310-2, and 2830 of the NASD Conduct Rules, and that you will maintain adequate records with respect to your customers and their transactions, and that such transactions will be without recourse against you by your customers. We recognize that, in addition to applicable provisions of state and federal securities laws, you may be subject to the provisions of the Xxxxx-Xxxxxxxx Act and other laws governing, among other things, the conduct of activities by federal and state chartered and supervised financial institutions and their affiliated organizations. As such, you may be restricted in the activities that you may undertake and for which you may be paid, and, therefore, we recognize that you will not perform activities that are inconsistent with your statutory and regulatory obligations. Because you will be the only one having a direct relationship with the customer, you will be responsible in that relationship for insuring compliance with all laws and regulations, including those of all applicable federal and state regulatory authorities and bodies having jurisdiction over you or your customers to the extent applicable to securities purchases hereunder.

  • Environmental and Social Standards or “ESSs” means, collectively:

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Environmental and Social Standard 8: Cultural Heritage”; (ix) “Environmental and Social Standard 9: Financial Intermediaries”; (x) “Environmental and Social Standard 10: Stakeholder Engagement and Information Disclosure”; effective on October 1, 2018, as published by the Bank.

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Non-Compliance means failure/refusal to comply the terms and conditions of the tender;

  • Internal Collaboration means collaborative arrangements within a group of companies or within various strategic business. units/subsidiaries/operating divisions in order to gain a strategic position whilst sharing resources, profits and losses as well as risks

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Material Compliance Matter has the same meaning as the term defined in Rule 38a-1, and includes any compliance matter that involves: (1) a violation of the federal securities laws by Distributor (or its officers, directors, employees, or agents); (2) a violation of Distributor's Rule 38a-1 policies and procedures; or (3) a weakness in the design or implementation of Distributor's Rule 38a-1 policies and procedures.

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • Year 2000 Compliance has the meaning set forth in section 17.29 of the Management Agreement.

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • Reliability means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.