Prudential supervision Sample Clauses

Prudential supervision. 25.1 The ECB may offer advice to and be consulted by the Council, the Commission and the competent authorities of the Member States on the scope and implementation of Union legislation relating to the prudential supervision of credit institutions and to the stability of the financial system.
Sample 1Sample 2
AutoNDA by SimpleDocs
Prudential supervision. Under Article 46 of the Law of 22 March 1993 (for credit institutions that provide clearing or settlement services or services assimilated therewith), Articles 36/25 and 36/26 of the Law of 22 February 1998, and the Royal Decree of 26 September 2005, the Bank ensures prudential supervision (including authorisation) of clearing institutions, settlement institutions and institutions assimilated to settlement institutions, without prejudice to its powers of oversight over the systems operated by the aforementioned institutions.
Sample 1Sample 2
Prudential supervision. Article 25
Sample 1
Prudential supervision. The National Securities Commission shall set the prudential supervision rules regarding the composition of own resources and risk control, where the prudential measures concerning the risks resulting from the broker dealer’s own trading portfolio shall be detailed. When the broker-dealer house is a bank or it is controlled by a bank, the rules may be established in collaboration with the Superintendency of Banks of the Republic of Panama. The financial statements regulations will consider the prudential supervision rules that are established. Second Chapter Broker-Dealer Houses Licenses Article 8 (Requirements to obtain and maintain the license): The person requesting the granting of a broker-dealer house license shall comply with the following conditions to obtain and maintain said license:
Sample 1

Related to Prudential supervision

  • SITE SUPERVISION 1.9.1 Contractor shall provide adequate supervision of his employees to ensure complete and satisfactory performance of all work in accordance with the terms of the contract. Contractor shall have a responsible supervisor on the job at all times when the work of the contract is being carried out.

  • Answer Supervision An off-hook supervisory signal.

  • Student Supervision 2. Central Issues as they affect Occasional Teacher Workload

  • Monitoring and supervision 9.1. The Co-beneficiary shall provide without delay the Coordinator with any information that the latter may request from him concerning the carrying out of the work programme covered by this contract.

  • Apprenticeship Supervision All apprentices shall be supervised by an appropriately qualified tradesperson. The parties shall implement the ESV’s “Supervision guidelines for apprentices working on electrical installations”. These guidelines were developed by the Industry parties under the auspices of the Office of the Chief Electrical Inspector.

  • CONTRACTOR SUPERVISION Contractor shall provide competent supervision of personnel employed on the job Site, use of equipment, and quality of workmanship.

  • Level of Supervision Supervision is generally present to establish general objectives relative to a specific project, to outline the desired end product and to identify potential resources for assistance. Some positions will require routine supervision to general direction depending upon experience and the complexity of the tasks. Some positions will require general direction. May supervise or co-ordinate others to achieve objectives, including liaison with employees at higher levels. May undertake stand-alone work.

  • The Superintendent President or his/her designee may, in his/her sole discretion, approve short term personal leave of up to 30 days to any permanent unit member to meet emergency situations which arise out of circumstances which are unpredictable and unavoidable.

  • Construction Bonds, Insurance and Supervision (i) The Recipient shall require that each of its Contractors furnish a performance and payment bond in an amount at least equal to 100 percent (100%) of its contract price as security for the faithful performance of its contract.

  • CONTRACTOR’S SUPERINTENDENCE Add the following at the end of the first paragraph of sub-clause 15.1: “The Contractor shall, within Fourteen (14) days of receipt of the Engineer’s order to commence the works inform the Engineer in writing the name of the Contractor’s Representative and the anticipated date of his arrival on site. The Contractor shall also submit a specimen signature of his proposed Site Agent /Road Manager who SHALL be the only signatory to payment of certificates/Monthly statements from the Contractor. Add the following Sub-clause 15.2 ‘SUBCLAUSE 15.2- LANGUAGE ABILITY AND QUALIFICATIONS OF CONTRACTOR’S AUTHORISED AGENT Unless otherwise stated in the tender document, the Contractor’s Agent or Representative on the site shall have a minimum qualification of a Registered Professional Engineer (Highways) and shall be able to read and write English fluently. The Contractor’s Agent or Representative shall have at least 5 years relevant experience as a Site Agent.

Time is Money Join Law Insider Premium to draft better contracts faster.