Examples of Part 7 permission in a sentence
These Regulations apply to a regulated firm with a Part 7 permission to effect and carry out contracts of insurance under paragraph 24 of Schedule 2 to the Act in respect of its accounts in each financial year beginning on or after the date that these Regulations come into operation.
Regulations 10 to 14 supplement the threshold conditions in Schedule 12 to the Act, as they apply to credit institutions seeking Part 7 permission to carry on the regulated activity of accepting deposits.
Deakin University’s Guide to Candidature: Higher Degrees by Research 2001/2002 statesthat applicants who ‘have a substantial publication record prior to candidature… may be permitted to submit a thesis based primarily on this work… Applicants in this category will normally be required to enrol for a period of about one year during which time they will write a text which incorporates the published work into a coherent whole’.
An applicant for Part 7 permission as a pension scheme operator must satisfy the GFSC that it meets, or will meet, the conditions set out in regulations 5 and 6.
The Program includes a research and business incubator, new and expanded fellowships and internships, advanced computer and communications systems, and a venture capital fund.
A fiduciary services provider must continue, after the GFSC has given it Part 7 permission to carry on fiduciary services business, to comply with any condition or requirement that the GFSC imposes on the provider’s permission.
No person may be given permission to carry on the regulated activity of acting as a professional foundation councillor otherwise than by the grant of a Part 7 permission to carry on the regulated activity specified in paragraph 131(2) of Schedule 2 to the Act, of acting as a professional trustee and professional foundation councillor.
Any person with a Part 7 permission, established, situated or with its head office in Gibraltar included within the scope of supplementary supervision as provided for by these Regulations, whether or not a regulated entity, must provide the GFSC or coordinator on request such information as may be required for the purpose of supplementary supervision.
A local firm which has Part 7 permission must at all times comply with the requirements in this regulation.
Following the expiration of the Initial Term, this Service Agreement shall automatically renew at the current contract rate for additional twelve (12) month periods (each a “Renewal Term”) unless either Party terminates this Agreement by providing sixty (60) days advance written notice of termination to the other Party prior to the expiration of the then current Term (“Term” shall mean collectively Initial and/or Renewal Term).