Non-Depository Entity definition

Non-Depository Entity means any financial services entity, other than a depository institution, falling under the jurisdiction and supervision of a State Regulator. In general, Non-Depository Entity is not intended to include the subsidiaries and affiliates of depository institutions unless such subsidiaries and affiliates are licensed under state law as non-depository institutions.
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Examples of Non-Depository Entity in a sentence

  • Covered Non-Depository Entities The Parties should, in all cases where permitted by applicable law, share information and consult one another regarding Corrective Actions involving a Covered Non-Depository Entity identified for examination under IV.B of this Framework.

Related to Non-Depository Entity

  • Common Depository has the meaning specified in Section 304(b).

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Securities Depository Nominee means, as to any Securities Depository, such Securities Depository or the nominee of such Securities Depository in whose name there shall be registered on the registration books maintained by the Registrar the Bond certificates to be delivered to and immobilized at such Securities Depository during the continuation with such Securities Depository of participation in its book-entry system.

  • central securities depository means an entity or generally recognised book-entry or other settlement system or clearing house, central clearing counterparty or agency, acting as a local securities depository, central securities depository or international securities depository, the use of which is customary for securities settlement activities in the jurisdiction(s) in which it holds Securities or Cash in connection with this Agreement, and through which the Custodian may transfer, settle, clear, deposit or maintain Securities whether in certificated or uncertificated form and will include any services provided by any network service provider or carriers or settlement banks used by a CSD.