Prompt corrective action definition

Prompt corrective action means any action the federal deposit insurance corporation is authorized to take with regard to a state chartered bank under 12 U.S.C. 1831o(d) through (i);
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Prompt corrective action. ’ or ‘ PCA’’ means the new administrative supervisory system for financial institutions in Japan, anticipated to be introduced as of April 1, 1998.
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Prompt corrective action means supervisory actions, as provided in the relevant National Bank Directive and Banking Business Proclamation No. 1360/2025, and is to be taken by the National Bank on banks whose condition is violating prudential or regulatory requirements.
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Examples of Prompt corrective action in a sentence

  • Prompt corrective action to mitigate any risks or damages involved with the breach and to protect the operating environment and ii.

  • Business Associate shall take: Prompt corrective action to mitigate any risks or damages involved with the breach and to protect the operating environment and Any action pertaining to such unauthorized disclosure required by applicable Federal and State laws and regulations.

  • Upon discovery of a breach or suspected security incident, intrusion or unauthorized access, use or disclosure of PHI or PII, Business Associate shall take: Prompt corrective action to mitigate any risks or damages involved with the breach and to protect the operating environment; and Any action pertaining to such unauthorized disclosure required by applicable Federal and State laws and regulations.

  • Prompt corrective action to mitigate any risks or damages involved with the breach and to protect the operating environment; and b.

  • Prompt corrective action shall be taken to address any problems identified in such inspections.

  • Prompt corrective action to mitigate any risks or damages involved with the Incident and/or Breach and to protect the operating environment.

  • Prompt corrective action in isolated instances may not outweigh overall negative trends.

  • Upon discovery of the breach or Security Incident, Contractor shall also immediately take the following action: Prompt corrective action to mitigate any risks or damages involved with the breach and to protect the operating environment.

  • Prompt corrective action to mitigate any risks or damages involved with the breach and to protect the Contractor’s operating environment and information confidentiality and security requirements.

  • Prompt corrective action will be taken when the terms of any section of this agreement have been violated by either party.