Prudential Authority definition

Prudential Authority means the authority established in terms of section 32; "Prudential Committee" means the committee established in terms of section 41; "Prudential standard" means a standard made in terms of section 105;

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Prudential Authority. ’ means the authority established in terms of section 32; ‘‘Prudential Committee’’ means the committee established in terms of section 41; ‘‘prudential standard’’ means a standard made in terms of section 105; ‘‘Public Finance Management Act’’ means the Public Finance Management Act,

Prudential Authority means the Prudential Authority established in terms of section 32 of the Financial Sector Regulation Act, 2017 or such other governmental authority in South Africa (if any) as will have the responsibility for making decisions relating to the declaration of a bank as being non-viable;

Examples of Prudential Authority in a sentence

No Loan Party nor any Subsidiary is an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended and no UK Guarantor (excluding each Guarantor listed on Schedule 5.14 (as such schedule may be updated from time to time by the Loan Parties)) carries on any business in the United Kingdom which requires it to be authorized by the United Kingdom Financial Conduct Authority or the United Kingdom Prudential Authority.
The Charity must take out and maintain during the Term public liability insurance of not less than the amount in Item 9 with an insurer licensed by the Australian Prudential Authority to operate as an insurer in Australia or with an investment grade security rating from an industry recognised rating agency such as Moodies, Standard & Poors or Bests.
However, if and once the Prudential Authority approves the Transaction, as contemplated in section 50 of the Insurance Act, the Policyholders will acquire, against the Transferee, all those rights and entitlements in accordance with the Policies previously had and enjoyed by them against the Transferor.
The Prudential Authority must, after providing written notice to a director regarding its intention to terminate the appointment of that director, refer the matter to the Arbitration Foundation of South Africa for determination.
The Parties shall procure that their respective advisors shall jointly co-ordinate their dealings with, including inviting each other on reasonable notice to each meeting (telephonic, in person or otherwise) with, the FinSurv, the TRP, the JSE, the Competition Authorities, the Prudential Authority and other relevant Governmental Authorities, as applicable, including: (i) the preparation of all Regulatory Submissions; and (ii) the presentation, argument and prosecution of any such Regulatory Submissions.

More Definitions of Prudential Authority

Prudential Authority means the authority established in terms of section 32 of the Financial Sector Regulation Act;

Prudential Authority means the Prudential Authority established by section 32 of the Financial Sector Regulation Act.

Prudential Authority means the Prudential Authority of the South African Reserve Bank;

Prudential Authority means the authority established in terms of section 11(1)(b);

Prudential Authority means the Prudential Authority established in terms of section 32(1) of the FSR Act; "put option contract" means a contract in terms of which the holder of a long position in the put option contract has obtained the right to sell, and the holder of a short position must, if the option is exercised, buy, the underlying instrument of the option contract to or from JSE Clear on or before the future date at the strike price in accordance with these clearing rules and the contract specification of the option contract; "registered officer" means the clearing manager or other officer registered by JSE Clear as such in the name of the clearing member; "regulation" has the same meaning as that contained in section 1 of the Act; "related exchange contracts" means those exchange contracts which JSE Clear decides have such characteristics in common that the risk of loss in one of the exchange contracts may be reduced by an off-setting position in any of the other, or a combination of the other, exchange contracts in the group of related exchange contracts; "Republic” means the Republic of South Africa; “Reserve Bank” has the same meaning as that contained in section 1 of the FSR Act; "resident" means a natural person who is resident in the common monetary area, or a legal entity registered in such area, and includes a partnership or an external company; "resident client" means a resident who has been registered by JSE Clear as a resident client of an exchange member; "retained margin" means the margin paid by a client to an exchange member for an intended trade or margin due to a client which the exchange member has retained in anticipation of a trade; "securities" has the same meaning as that contained in section 1 of the Act; “sell" means, in relation to derivative securities, to enter either -

Prudential Authority means the authority established in terms of section 27; “prudential standard” means a standard made in terms of section 94;

Prudential Authority means the Prudential Authority established in terms of section 32 of the Financial Sector Regulation Act, 2017 of South Africa and any successor or replacement thereto.